Business planning involves creating a blueprint of a company's activities, describing its financial performance, and formally outlining its goals. There are different types of business planning including strategic planning for 1-5 years by top management, tactical planning for 6-24 months by middle management, and operational planning for 1-52 weeks by first-line management. Planning is important for a business as it is key to success, contains important company records, portrays profit potential, and can attract investors. The document concludes with an interview at Castleknock Hotel that discusses their S.W.O.T. analysis and how planning plays a major role.

1. By Josh Kavanagh
and
Zygimantas Zadeikis
1. What is business
planning?
2. Different types of
business planning?
3. Why is planning
important to a business?
4. Company Interview.

2. » A blueprint of a businesses
activities.
» Description of the
businesses financial
performance.
» Formal statement of the
goals of a company.

3. Strategic Planning
» 1-5 Years
» Top Management
Tactical Planning
» 6-24 Months
» Middle Management
Operational Planning
» 1-52 Weeks
» First-Line
Management

4. » Key to success.
» Contains records of the
company.
» Portrays profit potential.
» Attracts investors.

5. » S.W.O.T Analysis of the Castleknock Hotel
» Planning plays a major role in the hotel.
» Planning in Guy’s field of work.
» When errors occur in planning.