Planning is the process in which an organization envisions its mission and develops the necessary steps to achieve that mission. Of the four management functions, planning, organizing, leading, and controlling, planning is the most important. Planning can be short term or long term. Managers use short-term plans on a daily basis because they are easier to achieve than long-term plans. Companies use long-term plans when plan for long-range vision (Pfeiffer 12-18)
In both methods of planning, short term and long term it is necessary to achieve top-notch results. Like in any other process, there are both benefits and pitfalls to planning. Good planning provides a clear focus for the company, raises effort, increases persistence, and develops task strategies. In the first benefit of planning, important members focus on what is important in order to achieve the planned outcome. The second benefit of planning increases effort in the execution process. A plan-oriented company gives a greater energy in a specific project situation than a company that is not plan oriented. Adding to this advantage, the effort helps reduce time waste and maximizes productivity. The third benefit of planning is persistence. Persistence is important in achieving a goal and becoming successful; persistence is the willingness to continue a task regardless of changes in a plan. In the fourth benefit of planning, planners are encouraged to contribute with their ideas and participate in the goal process at any time. Despite the benefits of planning, the process of planning can also have its disadvantages. The main disadvantage of planning is the members’ misconception that planning solves problems. Because of their misconception, planners rely on opinions rather ...
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The benefits to those organizations that choose to embark on the process of developing a long-range plan are numerous as well as invaluable. Organizations that commit to such planning are able to establish objectives and priorities, make clear their future direction, adapting to both internal and external environmental changes, resolve major issues that impact the organization and obstacles and provide a clear and justifiable rationale for decision making (Bryson & Einsweiler, 1988, p. 3). Ultimately, the public is better
Planning phase involves completion of the project scope plan, WBS, schedule of the project plan, cost and procurement of the project plan. According to the research study, the organizations need to spend a certain amount of time on planning and initiating phase. These plans address the knowledge areas. In this phase, we need to estimate the cost and obtain resources for the project. The team members need to reassess the plan at each and every phase of the project.
According to the Food and Agriculture Organization of the United Nations (2014), “Planning is the process of setting goals, creating organizational strategies and/or outlining tasks and innovative ways to accomplish the goals you have set in order to be a successful organization.” In the world of management or healthcare management planning is a vital importance in that it helps to focus, prepare and clarify the daily projects and assignments that may help an organization become a successful entity. Planning can also be very important in many other ways such as, saving time...
Planning: Planning helps in leading the business towards it aims, and achieving them in time. Planning formulates strategies to achieve the company’s objectives.
One of the most common sets of activities in the management is planning (0). In an organization there are many kinds of planning that goes into daily operations and it ranges from highly complex to simple issues. Successful planning and implementation include the following; Set goals and objectives, how to achieve those goals and resources needed, assign task, and review finished task.
In the book Time Management from the Inside Out by Julie Morgenstern explains a variety of plans for time management by breaking them down into easy steps. The plans offer different options and structures for people who are constantly struggling with time ma...
Planning aims to reduce uncertainty. It does this by forcing managers to look ahead, anticipate change, consider the impact of change and develop appropriate responses. (Robbins 2012) Through attempted monitoring of conditions in a changing environment, one is able to respond quicker to new information and new circumstances, thereby becoming more flexible. In addition, having the environment under constant observation enables managers to analyse how the organisation will differentiate itself from its competitors, therefore facilitating more chan...
The success of any organization just as the Tesla Motor largely depends on the planning of the activities by the management team in the company. A good performance is always attributed to the planning strategy that a certain company has. The following are therefore four factors that affect the planning and performance of the company.
Planning is a way to respond to the changes occurring in the environment around a person systematically. Planning is an approach towards the problem solving rationally. It can be taken as a remedial tool for creating change in the current situation in systematic and efficient way.
“Planning: is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals” (Bateman & Snell, 2004, p. 16).
There are several qualities to have to be successful in college. These qualities can range from attending class to going above and beyond what’s expected. Success comes from the journey taken or the path chosen. Success also comes from being prepared. As a student, I must step up to the challenge and find the path to success along the way. Several ways I define success is to uphold academic integrity, have the ability to prioritize, and to motivate myself to stay on top of what needs to be accomplished.
The first function of management is planning. Planning is a process that managers use to identify and involve goal setting and decide the best way to achieve the goal.(Bartol 2007) Planning connect the gap between where we do, where we intend to go. It predict the possible things to happen which would not otherwise happen (MSG 2012). There are several steps to the planning process, which are determine the goals of the organisation, evaluate the current position, consider possible future conditions, identify possible alternative actions and choose the best. Planning is the criteria thinking through goals and making decision to achieve the goal of the organisation’s objective, which requires a systematic way. Also objectives focus the managers how to achieve the final result as managers have to predict anything will happen, avoid the problem and fight back to competitors. An example of planning, which is the President Canon Inc Tsuneji Uchida and lead Canon Company become the no.1 in the global business (Canon.Inc 2011). Tsuneji Uchida has to understand what is the company objective and goal. First, make decision to protect the position and the aim of canon, improve the operation more diversity. Second, he creates the new design of camera and new technology, he plan to do these things to maximise profit.
The planning school of thought is a strategy that emphasizes the need for an organization to ensure that its business strategy is in alignment with the environment that it operates. In other words, an organization’s strategy must ‘fit’ the environment that it chooses
As Schermerhorn states in Management planning, organizing, leading, and controlling are the tools needed by managers to accomplish performance goals. It is crucial that managers be able to recognize and act upon problems or opportunities as they arise. Planning is perhaps the cornerstone of the four processes. All good processes were at some point given great detail so as to anticipate possible problems and solutions to those problems. When the Honda Motor Company decided it needed to refine its inventory they didn't just jump at the first idea that was proposed; they first set their objectives and discussed ways to meet those objectives. After giving careful consideration to processes and the streamlining of those processes human error rose as the top need for change. Sounds simple you might respond; in reality it is much more complicated.
Strategic planning is the continuous and systematic process of guiding members of an organization to make decisions about its future, develop the necessary procedures and operations to achieve that future, and determine how success will be achieved.