PLANNING Meaning Planning is deciding in advance what to do and how to do. It is one of the basic managerial functions. Before doing something‚ the manager must formulate an idea of how to work on a particular task. Thus‚ planning is closely connected with creativity and innovation. But the manager would first have to set objectives‚ only then will a manager know where he has to go. Planning seeks to bridge the gap between where we are and where we want to go. Planning is what managers at all levels
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Strategic Management: Planning Strategic management can be used to determine an organization ’s mission‚ vision‚ values‚ goals‚ objectives‚ roles and responsibilities‚ etc. Strategic planning is a management tool. As with any management tool‚ it is used to help an organization do a better job. It is used to focus its energy‚ to ensure that members of the organization are working toward common goals‚ to assess and fine-tune the organization ’s direction in response to change. Essentially‚ strategic
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HOSPEvent Planning and Management Assignment Week One The pharmaceutical company is proud to host a hospitality reception to thank their customers and their workers for their services. Not only is this for the people a part of this company but is intended for everyone as well. However‚ this specific event is mainly designed for everyone to share their experiences and motivate others to wanting to pursue the medical field. The best part of any event is the anticipation of it all. Thinking about who
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Running Head: Halliburton Management Planning Halliburton Management Planning Sherita Carter Wk 3 Paper University of Phoenix November 11‚ 2008 MGT 330 Dennis Dwyer Halliburton Management Planning Halliburton is one of the largest Drilling companies in the world. This company has over 50‚000 employees and operates in more then 70 Countries including North America‚ Central & South America‚ Africa‚ Europe‚ Middle East‚ Asia‚ and Oceania. Halliburton consists of two company divisions-(1)
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------------------------------------------------- Planning Function of Management | Planning means looking ahead and chalking out future courses of action to be followed. It is a preparatory step. It is a systematic activity which determines when‚ how and who is going to perform a specific job. Planning is a detailed programme regarding future courses of action. It is rightly said “Well plan is half done”. Therefore planning takes into consideration available & prospective human and physical resources of the organization
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Management Chapter 10 Planning and Strategic Management Planning Overview Importance of Goals: Goals provide a sense of direction Goals focus our efforts Goals guide our plans and decisions Goals help us evaluate our progress The importance of planning at organizations The Hierarchy of Organization Plans Strategic Plans – Plans designed to meet an organization’s board goals. Operational Plans – Plans that contain details for carrying out‚ or implementing‚ those
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MASINDE MULIRO UNIVERSITY OF SCIENCE AND TECHNOLOGY MANAGEMENT PRACTICE 802 MANAGEMENT PROCESS PLANNING BY: KEYA Moses Reg. No. MBA/G/31/12 & KIILU Joseph Mutisya Reg. No. MBA/G/28/12 MANAGEMENT PROCESS PLANNING Definition and nature of planning Schermerhorn‚ 2010 defines planning as the process of setting objectives and determining how to accomplish them. This involves setting performance expectations and goals for groups and individuals to channel their efforts toward achieving organizational
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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
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levels of planning in order to achieve goals put in place by senior management. Wal-Mart has many different levels of management planning in place to follow through on its goals and objectives. There are many factors that influence Wal-Mart’s strategic‚ tactical‚ operational and contingency planning. Although Wal-Mart has been a very successful corporation throughout its existence‚ it has had to absorb the impact of legal issues‚ ethics‚ and corporate responsibility in its management planning.
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Strategic Planning and Management Development Throughout the business industry the people who are most associated with the business process has found strategic planning and management development "requires constant shifting back and forth between long-run and short-run thinking" (Dess and Miller‚ 5). Planning is a business process that involves one or more people (depending on the type business) whom decide where the business ’s objectives lie and how to initially accomplish them over a period
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