There are basic steps that can help managers in their planning. Allen (2013) describes these stages. The first management must set objectives. Create short-term and long-term goals. During this phase, operational and middle managers focused their attention on staff, departments and divisions. The objectives are obtained from the mission statement which describes their mission and values. They also come from other factors, such as ongoing planning, strategic planning and objectives, resources, environmental conditions, ethics and experience. The second step would be to analyze and evaluate the environment. During this phase, managers analyze where the company is located, the environments and the available resources. Managers need to think about other factors that could arise and cause problems. Management must evaluate all possible actions and the potential outcome of each action. In doing so, it is important to consider the internal and external factors that could affect each action. The third step would be to identify alternatives. Make a list of all the different actions that will help the company achieve its goal. Bringing together different experienced managers to think together in as many different ways as possible is one way to do this. The fourth step would be to evaluate these alternatives. Consider the pros and cons of each alternative action and make a list. When the list is complete, return to step two. Returning to step two will ensure that each alternative is a viable alternative. There are different things that a manager needs to know besides the financial aspect. Things to know are: What timelines and resources are needed for each student...... middle of paper ....... This helps them decide who they are and what they want to accomplish. The second step consists of analyzing and evaluating the internal aspects and external environments. When a manager completes this stage, he performs an analysis of the situation and finds out what the strengths and weaknesses are. They also look for external opportunities and threats. The third step is to evaluate the mission statement and objectives, because the second step can have two outcomes: the first outcome is that it affirms that the current mission statement is still the objective or that it may require that management define a new mission statement and new objectives. The fourth objective would be to develop the strategies that will allow you to achieve these objectives. The fifth objective would be to put these strategies into practice. implementing them requires leadership, structure, people and information. The final step would be to monitor, evaluate the results and make changes if necessary..