Planning is the first function of Fayol’s pillars of management (Humber EDU, 2015). If the planning foundation does not take place in an organization, then the other pillars of management known as organizing, staffing, leading, and controlling will not take place(Cliffs Notes, 2016). Managers need to plan for achieving goals and objectives with as little errors, waste, and delays. If many errors occur, a lot of waste, and delays happen, the organization will lose time, money, and possible sight of the goals. The planning process starts with knowing what financial conditions as well as the competitors and customers of the organization and then forecast the future situations (Reference for Business, 2017). There are types of planning. …show more content…
History has a way of repeating itself. Look around the world to see if something similar is happening (Management Study Guide, 2017).
Advantage: Planning takes into consideration the future events that may occur and works around this issues (Money Matters, 2017).
Disadvantage: The unknown such as a strike, Earthquake, or what competitors may do with their company that could affect the planning of the organization (Management Study Guide, 2017).
Manager of Agile organization – will take leadership and inspire others to move around the plan and keep going (MBA Skool, 2017). This may get the team more eager to complete the task at hand. A boost of excitement may be what the team needed.
Advantage: Planning gives a sense of direction for today and future goals. It helps keep the focus on the objectives and results (Management Study Guide, 2017).
Disadvantage: Employees could become bored with the repetition of the plan
Manager of Agile organization will notice this non-responsive behavior and give the employee a new task so the goal can be met in a timely manner and keep the team together (MBA Skool, 2017).
Advantage: motivation for employees being involved in a plan (Management Study Guide, 2017)
Disadvantage: may lose interest if plan changes due to unforeseen circumstances
Manager of
“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,
The advantages of effective planning and preparation is that you will be ready for most of the challenges you possible can face during the activities. It is not possible to prepare for everything, but you need to decrease the chances of getting in trouble as much as you can. Lack of preparation can result in poor performance and
Planning is a function that is employed by every organization in projecting the future outcome of the firm. Successful firms achieve their goals through the use of different types of budgets. These budgets include, production budget, sales budget, labor budget and expenses budget. These budgets also show the targets that should be achieved by the firm within the budgeted time plan.
The reason for making a plan is to help me to be further in charge of of my future, by reminding me what I have learned and achieved. Creating my plan will help me develop more confidence in my ability to tackle new things.
Meeting deadlines and reaching goals gives a sense of achievement and lets others know you can be relied on.
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 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 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.
The planning process begins with a situation analysis of the external and internal forces affecting the organization. This examination helps identify and diagnose issues and problems and may bring to the surface alternative goals and plans for the firm. Next, the advantages and disadvantages of these goals and plans should be evaluated against one another. Once a set of goals and a plan have been selected, implementation involves communicating the plan to employees, allocating resources, and making certain that other systems such as rewards and budgets are supporting the plan. Finally, planning requires instituting control systems to monitor progress toward the goals.
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 provides a sense of direction to the organisation, reducing unnecessary activities and makes the tasks more meaningful.
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 are expected to do a multitude of things. A manager has to be a visionary and adaptive to meet the current demands of what is required of them at all level
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)