The Importance Of Planning Essay

554 words - 3 pages

The Importance of Planning

Planning helps an organization chart a course for the achievement of its goals. The process begins with reviewing the current operations of the organization and identifying what needs to be improved operationally in the upcoming year. Planning can be divided into the following categories: strategic, tactical, operational, and contingency, with each step including more specific information than the last. (Contemporary Business page chapter 7 page 225, paragraph one)
The far-reaching level of planning is strategic planning- the process of determining the primary objectives of an organization and then acting and allocating resources to achieve those objectives. (Contemporary Business chapter 7 page 225, paragraph two.) Also strategic planning is a disciplined effort that produces fundamental decisions and actions that shape and guide what an ...view middle of the document...

Operational Planning creates the detailed standards that guide implementation of tactical plans. Also operational planning deals with developing and implementing tactics in specific functional areas. (Contemporary Business chapter 7 page 225, paragraph 4) Also it’s a subset of strategic work planning. It describes short-term ways of achieving milestones and explains how, or what portion of, a strategic plan. For example, the TV advertising, you need know how you want to plan it all out, what you want to advertise and how you want consumers to come buy your product.
Contingency planning is a systematic approach to identifying what can go wrong in a situation. Rather than hoping that everything will turn out OK or that "fate will be on your side", a planner should try to identify contingency events and be prepared with plans, strategies and approaches for avoiding, coping or even exploiting them. (Strategic Management Skills) For example, a restaurant's contingency plan might call for its owner to lay off workers and to stop ordering materials and equipment if it loses its physical location due to a fire. The plan might then call for scouting then leasing a new location and rehiring a reduced amount of staff, only returning to the pre-disaster staff level when business establishes itself in the new location.
In conclusion planning is very important and effective for any business on how they start up their business, run their business and also identifying what can go wrong in a situation. Also planning is important on how you want to expand and make your business better than your competition around you.

Citations

Boone, L. E., and D. L. Kurtz. Contemporary business 14th edition 2012 update. 14th. Hoboken: John Wiley & Sons, 2012. Print.
Power, D. J. Strategic management skills. Addison-Wesley, 1986. Print.

Other assignments on The Importance Of Planning

The Importance Of Culture In Theology

357 words - 2 pages The Importance of Culture in Theology Although all people have different cultures and backgrounds, we need to emphasize how different these cultures are from each other. When we move into another culture, our natural tendency is to judge it with our own beliefs and practices. We would see things that we do not understand or comprehend, whereas of course it would make sense to people within the culture. It is clear that we must

The Importance Of Legalisation Of The Same-Sex Marriages

1096 words - 5 pages The Importance of Legalization of Same-Sex Marriages Love is a feeling that cannot be abused or modified in accordance with public opinion. It is either there or it is not. Consequently, in this matter have no control rules, laws or social norms but on the other hand – everybody wants to have a legal support for its relationships; so, that is why before the love that occurs in human representatives of the same sex was hidden and

Importance Of Art In The Life Of Man

742 words - 3 pages Importance of art in the life of people Introduction Art is a vehicle with expression and communication of emotions and ideas in conjunction. The types of art are: fine art, performing art and others. Fine art is a kind of visual art considered to have been created primarily for aesthetic purposes and judged by its beauty and meaningfulness, especially painting, sculpture, drawing, watercolour, graphic and architecture. Conversely

Discuss The Role And Importance Of Educational Research

870 words - 4 pages Discuss the role and importance of educational research. (100) Marks An evaluation of research in education, with the general aim of systematically, improving an academic body of knowledge may deficits in systems be highlighted by well-designed research. The results of research can lead (ideally) to changes in methods or practices (in the case of education it might be a teaching methods, say online Vs in class on campus). This would ideally

Assess The Relative Importance Of Human And Physical Factors Influencing Levels Of Biodiversity (15 Marks)

942 words - 4 pages Assess the relative importance of human and physical factors influencing levels of biodiversity (15 Marks) There are a range of human factors which affect the levels of biodiversity in an area in positive and negative ways. The way in which people use resources can have a damaging effect on the levels of biodiversity as trees are cut down for wood or paper; in some places this is leading to high levels of deforestation. Particularly in areas

The Importance Of Music

989 words - 4 pages Colin Mackey Professor DelVecchio ENGL 015-01 Nevemer 15, 2012 “Music is the one incorporeal entrance into the higher world of knowledge which comprehends mankind but which mankind cannot comprehend”(Ludwig van Beethoven). Music is that which has the power to, in some way, put a lens upon one's perceptual reality. Music has the ability to alter emotions and perception. For example, listening to a heavy metal band play during a wedding

Discuss The Importance Of Managing People To Gain Optimum Productivity

1788 words - 8 pages Nowadays, due to the eruption of economic occurs, the demand to optimum the productivity is the requisite if one organization wants to survive. There are many factors to consider controlling whereas human resource is the most imperative factor which impact to other elements. All profession requires the action of people even if there is manual labor or brainwork. Therefore, employee is the main concentration when companies would like to improve

Business Paper

533 words - 3 pages Planning is an important factor in any successful business or home. Planning involves deciding of future course of action, or in other words planning is deciding in advance what is to be done, how to be done, when to be done, and by whom to be done. It is an arrangement for doing something. Planning is a thinking process and is required for intelligent actions. It is the most basic of all management functions. A plan bridges the gap between

Personal Finance

358 words - 2 pages planning process discusses the importance of regularly reevaluating and revising your plan because personal circumstances often change. List two life changes that may require you to update your financial plan. Getting Married and Having Children.

Joan Jocabs

560 words - 3 pages , retrofitting suburbia, and so on. But also on the board appeared, like a sacrilegious graffito, the words "Trivial Profession." [1] When we voted to rank the listed items in order of importance, "Trivial Profession" was placed — lo and behold — close to the top. This surprised and alarmed a number of us. Here were members of one of the finest planning faculties in America, at one of the most respected programs in the world, suggesting that their

Research Sequence

316 words - 2 pages The Fall and Rise of Physical Planning Planning is a broad field that emerged as a response to the growth of cities following the industrial revolution. At first linked closely to design fields such as architecture and landscape architecture, planning moved toward government and administration in the middle of the 20th century and embraced the social sciences in the 1960s and 1970s. Planning programs in universities developed social science

Similar Documents

The Importance Of Diversity Essay

2385 words - 10 pages importance of the classroom environthe structure of an activity ment, including adult-child interaction, is well estab[Level 2]. lished in early education (Dodge & Colker 2002). Many A few children in the class early childhood educators are aware of the relationship seem to need instruction on of classroom design to challenging behavior. They use playing with peers, coping with anger and disappointclassroom preventive practices, including

The Importance Of Rites Essay

2245 words - 9 pages PRE-TEST: 1. Read “The Importance of Rites,” from Myths to Live By, by Joseph Campbell. 2. Evaluate this brief essay in terms of internal criteria by judging whether, or to what extent it is coherent. Specify in detail why you think it is either coherent or incoherent. In the essay, “The Importance of Rites,” Myths to Live By, by Joseph Campbell is a moderately incoherent. A coherent communication should be very clear, and each paragraph

The Importance Of Deductive Reasoning Essay

654 words - 3 pages The Importance of Deductive Reasoning ********-***** CRT/205 March 9th, 2014 DEQUILAH BRANDON The Importance of Deductive Reasoning Whenever making a decision, it is always to understand as much background information as possible. In the arguments presented there is more information needed to base a decision on. In the first argument, one could say the trainer gets paid more than enough for his job as a trainer, and his cleaning the

The Importance Of Goal Setting Essay

527 words - 3 pages The importance of goal setting is talked about all the time by successful people but the message doesn't seem to be getting through because only about 3% of people set any kinds of goals in their lives. Instead, they just let life happen to them. This is no way to live. A solid understanding of goal setting and its power will help you to achieve everything you want - things you wouldn't achieve without goals and a plan. You may have a great