Critical Thinking Research Paper
Assessment 3
Critical thinking Essay
5/7/2012
Planning Essay
Planning is a critical aspect of an organisation, as it is one of the four functional areas within which one or more people, or a team of people, exercises management to achieve intended outcomes and to reduce unintended outcomes. The concept of failing to plan creates a plan to fail means that you don 't bother to plan before you start your work, then you might as well just go ahead and try to fail. This is often the case in an organisation, as planning helps to achieve goals set by the organisation. By understanding why an organisation may need to plan for certain scenarios, how planning can achieve its goals for the business and how the stakeholders involved are effected …show more content…
A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals (Stanford University, 2011). A good business plan contains key aspects including an executive summary and an analysis of opportunity. An executive summary, sometimes known as a management summary, is a short document or section of a document, produced for business purposes, which is intended as an aid to decision making by managers and has been described as possibly the most important part of a business plan (Lavinsky, 2012). Opportunity analysis is the strategy of assessing the potential for a change or enhancement to enhance the generation of revenue. Setting goals and plans are important aspects of planning, which sets the basis for all the tasks managers do. Through the use of formal planning, managers can identify specific goals during a specific time period, and specific plans are written for these goal to be met. This elevates business failure, because managers can organise its proposed tasks to ensure the productivity of the organisation, which in return results in business …show more content…
(2004). Managers face challenges with a multigenerational workforce. Retrieved from The Palm Beach Post Jobs: http://jobs.palmbeachpost.com/stories/jobs_genx_main.html
Lavinsky, D. (2012). Key Components of a Business Plan: Part I. Retrieved from my Brain Shark: http://www.businessknowhow.com/startup/business-plan-parts.htm
Mayhew, R. (2012). Contemporary Issues Faced by Human Resource Managers Today. Retrieved from Small Business: http://smallbusiness.chron.com/contemporary-issues-faced-human-resource-managers-today-1875.html
Queensland, T. S. (2011). Planning for change. Retrieved from Business and Industry | Queensland Government: http://www.business.qld.gov.au/employing/staff-development/managing-people-through-change/planning-for-change
Schneider, B., Brief, A. P., & Guzzo, R. A. (2008). Creating a Climate and Culture for Sustainable Organizational Change. 1-17.
Scott Armstrong, J. (1982). The value of formal planning for strategic decisions: Review of empirical research. Strategic Management Journal, 1-16.
Stanford University. (2011, April 1). Business Plan Format. Retrieved from Stanford University:
Critical thinking Essay
5/7/2012
Planning Essay
Planning is a critical aspect of an organisation, as it is one of the four functional areas within which one or more people, or a team of people, exercises management to achieve intended outcomes and to reduce unintended outcomes. The concept of failing to plan creates a plan to fail means that you don 't bother to plan before you start your work, then you might as well just go ahead and try to fail. This is often the case in an organisation, as planning helps to achieve goals set by the organisation. By understanding why an organisation may need to plan for certain scenarios, how planning can achieve its goals for the business and how the stakeholders involved are effected …show more content…
A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals (Stanford University, 2011). A good business plan contains key aspects including an executive summary and an analysis of opportunity. An executive summary, sometimes known as a management summary, is a short document or section of a document, produced for business purposes, which is intended as an aid to decision making by managers and has been described as possibly the most important part of a business plan (Lavinsky, 2012). Opportunity analysis is the strategy of assessing the potential for a change or enhancement to enhance the generation of revenue. Setting goals and plans are important aspects of planning, which sets the basis for all the tasks managers do. Through the use of formal planning, managers can identify specific goals during a specific time period, and specific plans are written for these goal to be met. This elevates business failure, because managers can organise its proposed tasks to ensure the productivity of the organisation, which in return results in business …show more content…
(2004). Managers face challenges with a multigenerational workforce. Retrieved from The Palm Beach Post Jobs: http://jobs.palmbeachpost.com/stories/jobs_genx_main.html
Lavinsky, D. (2012). Key Components of a Business Plan: Part I. Retrieved from my Brain Shark: http://www.businessknowhow.com/startup/business-plan-parts.htm
Mayhew, R. (2012). Contemporary Issues Faced by Human Resource Managers Today. Retrieved from Small Business: http://smallbusiness.chron.com/contemporary-issues-faced-human-resource-managers-today-1875.html
Queensland, T. S. (2011). Planning for change. Retrieved from Business and Industry | Queensland Government: http://www.business.qld.gov.au/employing/staff-development/managing-people-through-change/planning-for-change
Schneider, B., Brief, A. P., & Guzzo, R. A. (2008). Creating a Climate and Culture for Sustainable Organizational Change. 1-17.
Scott Armstrong, J. (1982). The value of formal planning for strategic decisions: Review of empirical research. Strategic Management Journal, 1-16.
Stanford University. (2011, April 1). Business Plan Format. Retrieved from Stanford University: