AC1.2 An explanation of an organisation’s business goals and why it is important for organisations to plan for how they will achieve these

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SLIDE 8

The aims and ambitions of an organization are referred to as its organisational objectives, and these goals can be broken down into more specific objectives. The goal of the company is what keeps it moving forward and determines the kind of direction it will head in not only to become more competitive in the market but also to bring in and keep current customers as well as increase its overall market share. It is essential to make a plan and devise a strategy for how the organization’s objectives will be accomplished. Planning plays a significant role in ensuring that staff comprehends the nature of their responsibilities to ensure that risks are minimized or completely erased, responsibilities are assigned to skilled and talented individuals, the upscale of safety standards in addition to setting ,monitoring and step by step evaluation (Thobela, 2020).

Organisation Planning is of great significance in determining when to execute certain policies and how to ensure their full implementation to maximize on the rewards. Planning also permits control to be exercised where necessary to prevent misallocation of resources.

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AC1.2 An explanation of an organisation’s business goals and why it is important for organisations to plan for how they will achieve these

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