Planning is specifying the goals to be achieved and deciding in advance the appropriate action needed to achieve those goals. All businesses, new and established, must have goals. Having a plan is crucial because it lets everyone know exactly which goals the company is heading for. Plans help to make sure everyone in the staff knows what specific tasks they may have to do in order for the company, as a whole, to achieve the goal. Planning activities can include, analyzing current situation, anticipating the future, determining objectives, deciding what kind of activities the company will engage, choosing business and corporate strategies, and determining the resources needed to achieve the organization’s goals (Bateman & Snell). After a plan is set for a specific goal, now the organizing of resources is the next step.