Planning is an important aspect of management. It is important for organizations to plan both strategically and operationally to succeed. The process of budgeting also entails a planning element and is often incorporated into strategic and operational planning processes.How does the planning function help organizations succeed? Provide clear examples to support your main arguments where planning has led to success, or poor planning has led to failure. You may choose a specific planning process if youd prefer, such as strategic planning.Note: This discussion board is designed for you to respond to the above question/topic by Thursday of the 1st week of the module. To receive a passing grade each post should be a minimum of 200 words in length, demonstrating thought and integration of key concepts. Your response should be supported with relevant background sources, which must be properly cited & referenced. During the second week you should respond to at least one other student with a post of similar length and quality as your initial post.Planning is an important aspect of management. It is important for organizations to plan both strategically and operationally to succeed. The process of budgeting also entails a planning element and is often incorporated into strategic and operational planning processes.How does the planning function help organizations succeed? Provide clear examples to support your main arguments where planning has led to success, or poor planning has led to failure. You may choose a specific planning process if youd prefer, such as strategic planning.Note: This discussion board is designed for you to respond to the above question/topic by Thursday of the 1st week of the module. To receive a passing grade each post should be a minimum of 200 words in length, demonstrating thought and integration of key concepts. Your response should be supported with relevant background sources, which must be properly cited & referenced. During the second week you should respond to at least one other student with a post of similar length and quality as your initial post.