(fill in the blank) is the process of identifying and selecting an organization's objectives and deciding how the organization will achieve those objectives.

Answer :

Planning is the process of selecting and figuring out an organization's objectives or how they will be achieved.

What is the fundamental meaning of planning?

Planning is a method of determining targets and objectives for a predetermined period of time, producing alternatives to the current course of action, and then deciding which option is the best. Managers need to anticipate risks and be responsive to external issues affecting their business today.

What role does planning play?

Planning lays out what employees ought to do, that they must complete it, and other requirements. Planning provides guidance for action by outlining in advance the requirements for completing tasks. Employees are warned in advance of the route they need work in. This also results in unity of purpose.

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