Planning process can be dined as the process to plan for future that aids in the organisational success of the organization or within the healthcare market.
The process of carrying out our future plans of action in order to contribute to organisational success is known as planning. The fundamental beliefs that serve to define and establish the organization's basis are represented by its strategic organisational values.
The road map that carries out the organisational strategic strategy includes operating plans. It includes all of the guidelines required to achieve all goals. It includes advice on how to carry out a task successfully. The five-year plan is regarded as the financial plan. It focuses on the organization's overall financial health, investments, and funding. It gives a general summary of the company.
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Answer:
$2,100,000
Explanation:
Given:
Profit generated = $100,000
Profit growth rate = 5% per year
Discount rate = 10% per year
Now,
The present value of the future profit can be calculated using the formula as:
Present value = 
or
Present value = 
or
Present value = $2,100,000
The present value of all the shop's future profits will be $2,100,000
I think the answer would be futurecasting. It is one method used in strategic planning. It involves the practice of perceiving what you future might be looking at present trends and how would this affect the future. Hope this answers the question.
