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Planning and its excecution is a process that is used in many different business activities such as Product Launch, Marketing Plan, or a Strategic Business Plan. IN fact, the definition of a business plan is a 'formal statement of business goals, reasons they are attainable, and plans for reaching them'. So, in light of this do you think that forethought or outcome prediction is the essence of a succesful and attainable plan?
Forethought is the predicted outcome of activities planned with predicted degree of risks involved. Indeed, this is very important to work upon to have the best possible outcome from least resourced activities planned and bear minimum risk to take.
Planning helps an organization chart a course for the achievement of its goals. The process begins with reviewing the current operations of the organization and identifying what needs to be improved operationally in the upcoming year. From there, planning involves envisioning the results the organization wants to achieve, and determining the steps necessary to arrive at the intended destination--success, whether that is measured in financial terms, or goals that include being the highest-rated organization in customer satisfaction.
Forethought is being pro active. It is pre planning. Any business which attains volumes and runs successfully is a result of good planning. It implies on whole gamut of business.
Not just Forethought Also How many information We have The information We have got must not too short and not too over because when we have ton of information at something we can not take right decision so yes I agree that forethought and enough information is very vital too.
yes. I think forethought is an art where one artfully plan and make such affords to predict results, with a grace of Innovation, Many of such plans will get succed.
