Explain the difference between planning and organizing

Planning for a business is a three-step process. You first perform research on the issue at hand. For instance, if you're trying to establish a promotional plan, research the target market. Then you set S.M.A.R.T. (specific, measurable, achievable, relevant and timed) goals based on that research. Finally, you establish action steps for achieving each of the goals you've set.

Organizing for a business is the process of arranging tasks or resources so that you can perform or use them optimally. Proper organizing facilitates an efficient work environment and increases the chance that employees achieve their goals at work.

Explanation:

Because of the nature of business planning, the ability to effectively organize is of the utmost importance. Each step of the planning process is simplified when organized properly. For instance, organizing your research tasks helps you come to reasonable conclusions more quickly. When establishing goals, organize them in order of importance and also classify them as either short- or long-term objectives. Your final plan of action must also have a logical order in order to be effective.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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