Having a business begins with a lot of planning and starts with a mission statement that expresses the purpose. Then there is the vision statement that is a long term goal describing what an organization wants to become. There are 3 types of planning for 3 types of management.
1)Strategic Planning: Determine what the organizations long term goals should be for the next 1-5 years with the resources they plan to have available.
2) Tactical Planning: Determine what contributions their departments or similar work units can make during the next 6-24 months.
3) Operational Planning: Determine how to accomplish specific tasks with available resources within the next 1-52 weeks.
Most businesses take up to 5 years to achieve great profits and be successfully established. This takes superior operational planning that requires proactive and innovative thinking. Operational planning must produce the plan outcomes while managing constraints on time and money.