Discuss the impacts of Planning and Control.

Gotta Have a GoalGoals are an integral part of the strategic planning. Look at one aspect of a business: sales. They have hourly, weekly, and monthly goals, coupled with a plethora of conversion rates for sales activities which are a guiding force in the industry. Failure to meet goals results in lost revenue and lost jobs.Regardless of what position you hold in a company, you are part of the planning process.Strategic Planning ResearchUsing the class text and, predominately, articles from Trident Library’s full-text databases (like Academic Search Complete, Business Source Complete and/or ProQuest Central), research the following:How to write, measure, and apply “SMART” objectives for business.How to apply “Balanced Scorecard” in the planning process.Incentives: research the type of incentives that work for helping employees meet objectives.