The Management Functions Of Planning

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

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,

Now that management has gone through the selection process, they must implement the plan. The vital part of a plan is the knowledge of the goal and having every piece of the puzzle come together. From the CEO all the way down the ladder to the new hire in the sales department, they completely understand the goals. Now it is also important that plans have the proper resources to complete the tasks at hand, without resources the plans fail just as badly if the goal is not understood.

Planning: It is a process which involves setting the aims, mission statement and objectives of the organization and how they will be achieved. Nothing can be achieved without proper planning. Planning outlines what tasks to do, when to do it and how to perform the tasks. Planning is based on the short and long term successes of the organization (Purnell,

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.

Most companies have a vision, mission statement, and a set of core values. These three things are normally made up by a group of senior managers or a leadership team. Once these three things are decided upon, the upper management or leadership team should deliver the information to the management below them, so the important information is delivered to all levels of employees within the company. After the these three things have been set, most companies will post their vision, mission statement and core values somewhere for all employees to see. Often time’s new employees are given copies of these three things in orientation or on their first day of work. Coming up with the vision, mission statement and core values are just one way that

A manager is not just a team leader to me but, a planner, organizer, coach, problem solver, motivator, and decision maker. A manager’s schedule is typically full with employee meetings, unexpected issues, policy sessions, and other miscellaneous tasks that may arise throughout the day. In the day to day business world, a manager has to use the planning function. As stated in our book, “managers use the planning function to choose appropriate organizational goals and identify courses of action to best reach those goals” (Reilly, Minnick,& Baak, 2014).

Planning is a key pillar for a successful organization, and it involves organizing different activities in order to achieve a set goal. The organizational strategic planning process involves the following steps (Nordin et al. 374-377):

Management enters the planning stage by deciding what objectives to pursue during a set time frame and along

Planning, Scheduling and Controlling are three important functions of management. Planning involves the formulation of objectives and goals that are subsequently translated into

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

For the purpose of knowing about organization 's capabilities, customers, and business environment, situation analysis is done. Situation analysis is very important for any firm to make a good strategy for its firm. There are two types of analysis; external and internal. And in external analysis there are further two categories which are: macro and micro analysis.