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Business Planning in the context of International Business and its Operations refers to the strategic process of defining goals, analyzing market opportunities, allocating resources, and outlining actions to be taken in order to expand and operate a business beyond domestic borders. This encompasses tasks such as market research, competitive analysis, risk assessment, financial forecasting, regulatory compliance, and cultural adaptation. The objective is to create a roadmap that guides the organization's efforts to establish, grow and maintain its presence in international markets while maximizing profits and minimizing risks.