Planning is designing an systematic approach to getting goals done. In this section of the essay I am going to talk about the role managers, organizations and employees play in planning. When you plan for something you have a goal in mind that you wish to achieve right? It is the same thing in business. Business leaders plan to complete business objectives in order for businesses to grow, meet requirements, control business processes and many more. There are three levels of goals that help managers accomplish objectives as a whole. Top level managers focus on strategic goals. Strategic goals are goals that define the course of the organization. This is basically what the organization is based around and it encompasses the values and …show more content…
Strengths are skills that the business is competent and dominant in which gives them the advantage of being in that business or even expanding. An example of strengths from a well known business can be Wal-Mart. Wal-Mart offers low prices to customers across the United States and has been recognized by a majority of consumers as a one stop store that offers everything you need at an affordable low price. A weakness for Wal-Mart is product quality. Not all of the products are the best quality in Wal-Mart, which leads consumers to shop other places when looking for better quality products. The first store was in Arkansas in 1967, this shows how Wal-Mart has taken advantage of the opportunity to expand to every county in the nation. The threats’ that Wal-Mart may face is from competition. Consumers with more buying power, buy from stores with better quality like best buy for electronics, or whole foods for produce. These are all strategies that businesses use to plan. As a manager decisions need to be made. Decisions are choosing from available alternatives, managers are often faced with many problems and certain alternative to rectify the problem. There are two types of decisions that can be made by managers programmed decisions and nonprogrammed decisions. Programmed decisions are decisions that have been made to solutions that occur often, and then there are nonprogrammable decisions which are decision that have only occurred once
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,
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.
Planning is an important action that that everyone who has goals should do, because planning will help people reach goals if they properly prepare to reach their goals. For example, when I was in high school one of my goals was to go to college, so I started planning the steps I needed to take to get to where I wanted to be. I started planning the things I needed to do such as get good grades, volunteer, apply for scholarships, and attend college. Because I already had a plan in mind and knew the steps I needed to take, it was easy to meet my goal, but if I had not planned for my future, then most likely
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 defined as choosing a goal and developing a strategy to attain that goal.
“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.”
As stated by Prasad (2008), the managers should identify the different choices available in order to get most acceptable outcome of a decision. From searching different alternatives the managers can evade blocks in operations as choices are suitable if a particular idea goes wrong. Khanka (2000) expresses the view that selections can developed from in many ways such as can get from sources like experience, do training other organizations, and take others ideas and suggestions related in problems. Furthermore to improve alternatives solution the managers may investigation the signs of a problem for clues or fall back on intuition or result that stated by Griffin and Moorhead (2010). For an example in marketing department a non-programmed decision is compulsory the manager have to produce alternatives for raise market share. As McShane and Von Glinow (2000) pointed out that in a programmed decision is a standard operations is not to generate choice but can take out from the documented that already saved. Next an organizer should search the mission of a decision. In other words they need to define what is to be accomplished by it (Quick & Nelson, 2013). The decision criteria are important as mentioned by Dubrin (2002). The several criteria are consumers must aware of varies in quality of products, there not happen inflation, workers must consider the quality of improvements and lastly job satisfaction should not be reduce.
It doesn’t matter if you running a small business like the corner store down the street or even just a fruit stand all business has strength, weaknesses, opportunities and threats. Wal-Mart the largest retail giant also has to look at what they could improve in and what they need to watch out for.
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.
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
In today’s ever changing economy, society’s idea of management is becoming increasingly more difficult to sustain with the continuous demands of the position. A successful manager must have a certain level of expertise and problem solving techniques to carry out the daily tasks required. Over the years, there have been various ideas on what management is, such as planning, organizing, leading and controlling.
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)
Programmed decisions are type of decisions which are routine and repetitive, of which are within the frame work of organization policies and rules. Such polices rules are established in advance to solve a re- occurring problems within the organization. Such programmed decisions are usually taken at lower management level and tends to have a short-run impact on organization.
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.
When someone goes to work every morning, he/she executes a plan. He/she wakes up, gets ready, uses transportation, arrives and starts working. When someone goes on vacation, he/she usually plans ahead: location, hotel, transportation, list of things to do/see, etc. An every action a person takes consists of a plan and its execution. It can be a lifelong career plan or just crossing the street: the plan consists of a goal and steps how to achieve it. Planning is a fundamental part of life. It is important to both individual people and also to organizations. “Planning is the process of determining objectives and assessing the way these objectives can be best achieved” (Barnat, n.d.). Planning is connecting one point, where the organization/individual is now and another point in the future, where this organization/individual wants to be. For the organization a plan is one of the most important parts. Its plan is the future of the organization. When stakeholders make decisions, customers do business, employees perform their duties they all need to know what is the main goal of the organization, so that their decisions could be based on it. Just to put it simple: if someone drives a car without knowing the destination point, no matter how good, far, fast someone drives, all the effort is useless. When a person hires a taxi, he/she tells the driver where to go, same way employees of the organization should know the organizations plan to be a valuable asset and move the