Explain how planning is manifested through the different levels management

Explain how each level of management performs plans. Explain in your words what are the five steps that make a plan work. Then read on organizational strategy, and answer the following questions: What are the three stages in the process of the creation of strategies? What is strategic planning and how does the process work? Briefly, explain and give an example of each one of the three major strategies you can follow at any company: growth, reduction (entrenchment) and stability. Michael Porter sets three positioning strategies (also known as generic) that businesses can choose to compete in the industry in which they operate. Mention which are they and briefly explain each of these and provide an example.