Discuss two of these core elements for planning consideratio

Discuss two of these core elements for planning consideration: Give Examples

finance (including efficiency/productivity),

quality and value,

current and planned mix of products and services,

current/proposed strategies,

and human resource management.

Solution

Core Elements of planning:

Example: Setting up a Coffee shop

We plan to set up a coffee shop at a nice location, with a seating capacity of 40 people. The total investment required is about USD 80,000 -250,000. The resources have to be efficiently planned from, your savings, family or the bank. The allocation of resources has to be planned for each activity. Primarily if your financial planning is in place other factors will follow.

The planning has to be a good mix of product, price, quality etc