Two Fundamental Tasks of Management in a Business Explained – Planning and Control
TWO FUNDAMENTAL TASKS OF MANAGEMENT IN A BUSINESS EXPLAINED – PLANNING AND CONTROL
TABLE OF CONTENTS
1. INTRODUCTION
2. PLANNING
2.1 DEFINITION OF PLANNING
2.2 PLANNING, PROCESS AND WHY THE NEED
2.3 DEFINITION OF GOAL
2.4 CRITERIA FOR EFFECTIVE GOALS
3. CONTROL
3.1 DEFINITION OF CONTROL
3.2 IMPORTANCE OF CONTROL AND PROCESS
3.3 CHARACTERISTICS OF AN EFFECTIVE CONTROL SYSTEM
4. CONCLUSION
5. BIBLIOGRAPHY
1. INTRODUCTION
In the volatile environment where businesses have to compete today it has become more and more a fundamental business requirement that management in companies have to concentrate a lot more on what is happening locally and globally in order to stay successful and meet ever changing client expectations. These fundamental tasks comprise of Planning, Organizing, Leading and Control. In the below discussion, two fundamental tasks will be discussed, namely Planning and Control.
2. PLANNING
2.1 DEFINITION OF PLANNING
In the organization, planning is defined as the starting point of any management process, giving the organization direction, setting goals and forcing managers to be future orientated and be able to deal with business environmental changes. Planning indicates resources which could be utilized to achieve the set goals. Planning consists of two components, plans and goals. Planning is a management task and is probably the most important management task in the entire process of effective management as this starts the entire management task cycle.
2.2 PLANNING, PROCESS AND WHY THE NEED
The planning process is where top management articulates a vision and mission to establish goals, and communicated to middle and lower management to ensure effective application and execution. Management has to develop alternative plans, which should address changes in business environment. All Plans must be evaluated and “confront the brutal facts” (Jim Collins 2001:65). The best plan need to be selected and all
TABLE OF CONTENTS
1. INTRODUCTION
2. PLANNING
2.1 DEFINITION OF PLANNING
2.2 PLANNING, PROCESS AND WHY THE NEED
2.3 DEFINITION OF GOAL
2.4 CRITERIA FOR EFFECTIVE GOALS
3. CONTROL
3.1 DEFINITION OF CONTROL
3.2 IMPORTANCE OF CONTROL AND PROCESS
3.3 CHARACTERISTICS OF AN EFFECTIVE CONTROL SYSTEM
4. CONCLUSION
5. BIBLIOGRAPHY
1. INTRODUCTION
In the volatile environment where businesses have to compete today it has become more and more a fundamental business requirement that management in companies have to concentrate a lot more on what is happening locally and globally in order to stay successful and meet ever changing client expectations. These fundamental tasks comprise of Planning, Organizing, Leading and Control. In the below discussion, two fundamental tasks will be discussed, namely Planning and Control.
2. PLANNING
2.1 DEFINITION OF PLANNING
In the organization, planning is defined as the starting point of any management process, giving the organization direction, setting goals and forcing managers to be future orientated and be able to deal with business environmental changes. Planning indicates resources which could be utilized to achieve the set goals. Planning consists of two components, plans and goals. Planning is a management task and is probably the most important management task in the entire process of effective management as this starts the entire management task cycle.
2.2 PLANNING, PROCESS AND WHY THE NEED
The planning process is where top management articulates a vision and mission to establish goals, and communicated to middle and lower management to ensure effective application and execution. Management has to develop alternative plans, which should address changes in business environment. All Plans must be evaluated and “confront the brutal facts” (Jim Collins 2001:65). The best plan need to be selected and all
Bibliography: 1. Collins, J. 2001. Good to Great. 1st Edition.US. Collins Business 2. http://www.cliffnotes.com/more-subjects/principles-og-management/organizational-planning/defining-planning 3. Flanagan, N & Finger, J. 1998. Just about everything a manager needs to know in South Africa. 1st Edition. Cape Town.Zebra Press. 4. Harold Koontz - http://en.wikipedia.org/wiki/Control_(management) 5. Kotze, C. 2013. Management Interview. NGS Operational Director 6. Maxwell. JC. 1995. Developing the leaders around you.1st Edition. Nashville. Thomas Nelson, Inc.