Explanation:

An organizational plan is a method for planning the future goals of an organization to be sure everyone on the team understands what management expects. Having an organizational plan allows the company to move towards success and profitability. An organizational plan can improve a business's workforce, finances or products as well as grow the business overall.

An organizational plan usually involves five steps, including strategic planning, operational planning and reviewing and revising throughout. Each step breaks down the step before, ensuring the organization can achieve the larger goals. Often, an organizational plan starts with a look at the overall company and larger and more long-term goals before breaking that down into smaller, more manageable goals. Organizational plans also include a step for the company to assess progress and create new goals. While high-level managers might start the organizational planning process, every employee is part of the cycle.