How to Run a Business: Different Types of Organizational Plans

How do we get there? (Strategy formulation – corporate level, business unit level, and functional level)

“Organizational Management and Leadership” defines planning as “the development of goals, which leads to the development of an overall strategy for achieving those goals. Planning can be performed at all levels of an organization. Supervisors are planning when a weekly work schedule is put together for hourly staff. Top executives are planning when they define the mission statement of the company and determine how the organization can maintain its competitive advantage.”

Planning consists of competitive moves and business approaches developed to attract, please customers, conduct operations, grow the business, gain competitive advantage, and achieve performance objectives (Huidan, 2011). There are three steps to planning. A manager must be able to decide what goals to pursue, the best strategy to achieve those goals, and how to use their available resources to achieve those goals as efficient as possible (Bethel University,

It also forms part of good business ethics and is good practice to keep people up to date at all times when things change or need to be changed. Failing to do so can result in other peoples work plans being out of sync.

Planning: is the ability to manage the functions of an organization and take decisions that will bring good results in the present and the future, of the organization. It is the management decision-making of the goals to develop a good organization.

Planning is the foundation of all the functions of management upon which the other three areas should be built. During planning, management must evaluate the company’s current situation and then developing strategies to achieve these goals, this is called strategic planning.

Anne, Planning is the most important function of management, planning provides clear concise directions for everyone in the organization. The importance of planning is that it provides attention on objectives and results, reduces uncertainty, gives direction for everyone, encourages team work and creativity, helps with decision making among many other important factors. Each organization is different in the approach they take in planning one’s organization. There are different plans that may be used depending on what you are trying to achieve.

* The first two assignments (Stages I and II of the project) are worth 100 points each.

The planning determines which actions the company must take to accomplish her targets. Based on the planning the company can take into account required capital, staff needs, patenting, etc.

The purpose of this paper would be a personal strategic plan for myself in which visualizes me as a business organization, or as You, Inc. Therefore, to create a personal strategy one must examine a mission statement, vision statement, and understand the environmental scan to identify external opportunities and threats; in which, an individual or organization gathers information about the market, society, its competitors, and oneself. A mission statement defines an individual purpose for achieving certain goals. An individual mission statement should define their primary attributes to employers, employees, or clients to identify the products and services they have to offer in a particular field. A vision statement is long-term goals that give an individual the formation that allows them a competitive advantage in an organization or particular market. My personal vision statement is to seek employment in the manufacturing sector as operations manager in logistics. Once this information is achieved the individual or business can take the necessary steps to identify signs (Business Dictionary, 2015) of pressure and prospects that may influence their current and future course of action through tools such as P.E.S.T (Political, Economic, Social and Technological) and through S.W.O.T. (Strength, Weakness, Opportunity, Threat) analysis (QuickMBA, 2010).

A business plan is the core of your business and a must have. It is the roadmap that brings your business idea into a reality. A business plan is a written document that describes in detail how a business, usually a new one, is going to achieve its goals. It guides your business from the start- up stage to developing, growing and managing your business. It can also be used to get funding.

Planning is considered to be a primary function of management. All organisations operate in a complex, dynamic and competitive business environment, and therefore, have to plan their actions without which they may not be able to survive.

Planning is a process of establishing a mission with clear goals as a means to achieve them. Good planning requires special skills and perspectives allowing decision-makers to understand the challenges they are facing and apply the most effective solution to a problem. In order to achieve success, one must plan accordingly. Planning can be short term or long term. Short term plans are done on daily basis and are easier to achieve than long term plans. Long term plans are also known as strategic plans and are used to achieve a long range vision or mission of a company. In both methods of planning, short term and long term, is necessary to achieve top notch results. Like in any other process, there are both benefits and pitfalls to a

Managers and organisations plan because it provides them with some direction and reduces uncertainty within the firm. It is also used to set standards for controlling, it is therefore very important within organisations. (Robbins, Bergman, Stagg & Coulter et al, 2006)

The management functions of planning is a crucial function of management as it is setting goals for specific results and determining how to achieve those results Satterlee (2013). There are many aspects that impact planning within an organization such as it gives organization direction; decreases uncertainty; ensures progress toward a goal; allows organization to take corrective actions if progress is not in alignment with the goal; failing to plan is planning to fail. The basic planning process determines how to achieve the company objectives as managers take the objectives and work backward by preparing a strategy and how to implement that particular goal. According to Satterlee (2013) there are six formal steps that should be taken: 1) situational analysis, 2) generation of alternative goals and plans, 3) evaluation of goals and plans, 4) selection of goals and plan, 5) implementation of the chosen goals and plans, and 6) monitoring and controlling of the goals and plans.