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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Planning is an essential but potentially complex managerial function. The main objective of planning is to ensure that the organization is both effective and efficient in its activities and that it achieves its goals.
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.
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.
For any organization, planning, the first step in the four management functions, is very significant to reach success. During the planning process, organizations establish goals for expectations on performance and then decide on how to reach that specific goal. For example, increasing sales each year is Pacsun's year long goal. The stores keep all of their sales reports, return logs, and exchange records for each day, so when that same business day comes around again the following year, each store knows exactly how many sales they need to have to increase sales for the current year. They also keep track of each store's average dollar amount per sale and how many units are being sold through each transact...
The four functions of management are Planning, Organizing, Leading and Controlling. Planning sets the direction a company is going, and how it will accomplish those goals. Planning involves day to day operational issues and well as forecasting the future, and creating plans to deal with uncertainty. With most businesses, planning is constantly updated and improved as necessary in order to create better processes, and
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.
Planning is defined as the core of the functions of management, planning is the basis in which the other three functions must be created. Planning can cause trouble for many people in the company and managers as well.
Planning is basic management function which involves preparation of more than one detailed plans to achieve maximum balance of needs and demands with the available resources. The planning process ascertains the goals and objectives to be achieved, conceptualise strategies to achieve those goals and objectives, arranges the means required to put the plan in work and implement, directs
The definition of management is the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources (textbook pg. 179, the four functions of management). The first of the four functions of business management is planning, which is forecasting trends and figuring out the most effective way to reach the goals that have been set in place by the organization. One of the main intentions that every organization has in common is to please the costumer and make sure that he or she is satisfied with the finished product. Planning is one of the most important
Planning (Schwalbe, 2014): Planning comprises the activities which will be used to implement the plans on executing a project such as scope, schedule, budget and procurement management plans. Project plans should be revised by project teams if any changes are required in the project. This phase is very critical in the project management because when a new scheme is applied substantial struggles are needed to change the plan.
Planning is determining organizational goals and a means for achieving them. Planning is also the best way to improve the performance. It can encourage people to work harder to achieve the goals. So, the planning is very important and you must have the clear plan for your business. For example, Google which is the high technology firm that makes money from selling search-based Internet advertising, but Google says that it is not in the advertising business, but in the business of organizing the world’s information. Even though Google spent $1.65 billion in purchasing of YouTube to adhere to the business, but with YouTube, Google now helps users access and organize video content. The objective of Google is to organize the world’s
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.
Planning: Planning is the function on which the other three functions depend. In this management evaluates where the company lies at the moment in current situation and what it will be in future. Then deciding the correct course of steps to be take attain the goals of the firm and then determining the objectives and implementing them.
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.
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.