Management and Planning Essay

cookery involves in every aspect of peoples life. If an individual wants to master victory, he or she must gravel a puritanical preparation. It is also the same in business. Organizations that wear to plan be preparedness to fail, I do agree with this opinion. A plan demonstrates your intentions, mission, survey and method to carry it let on. It is an authoritative part of doing business. Without mean, an governing may non operate smoothly and may lead to failure. This essay go out examine both the advantages and disadvantages of training and show why proviso is infixed in business.In this era of hyper-competition, globalization and technological revolution, companies are forced to make speedy decisions in severalise to keep up with the market. Responding to the pressure of making quick and skilful choices, m any firms have decreased or even emulated the time allocated to preparation. Based on how rapid the market change in now business, cut chain reactor gr ooming in doing business seems to be appropriated since the uncertainty and fast timing of entrepreneurial warrant quick action. (Matherne, 2004, p. 156) But should founders of new ventures plan or should they act immediately?Is planning shut up a social occasionful activity in doing business? Lets take a nerve at planning and what benefits it brings to business. Planning is an activity which consists of defining the organizations goals, establishing an overall strategy for achieving those goals and growth a comprehensive set of goals to integrate and coordinate activities. It is the primary functions of management since it sets the basic path for managers in organizing, leading and controlling their cooperation.Planning can also be defined in terms of chunk or in testicle. (Robbins, DeCenzo, Coulter & Woods, 2012, p. 6). Most managers do planning in their overworks whether it is informal like planning in their head or setting up a formal plan after carefully examined the sit uation and collect ideas from the staffs. Informal plans are rarely written down onto paper and publicly announced to other people. In contrast, formal planning always takes lots of time and effort of many people. The goals are specific and set with a period of time to achieve. Although it takes time, effort and non always guarantee success further formal planning is still remain as a priority thing to do for every manager.Planning establishes goals and direction for organizations. With a clear mission and vision, employees can coordinate their work unneurotic and managers can make sure that they are on the right way of life. Goals can also improve the process of a firm. Latham (2004, p. 216) stated that a goal is a standard of for assessing anes satisfaction. Achieving a goal entrust non only bring rewards and praises to individual but it can increase their satisfaction. When ones morale is high, he or she pass on have a tendency to work ruin and expect a more difficult c hallenge.It is always a benefit for companies when staffs commit to their work and charter onerouser mission. in addition, with a step by step direction, people will not be distracted from out of doors factors that affect performance. Wasteful, overlapping activities and uncertainty are reduced through planning. In the process of planning, managers have to holler changes, gather information and develop responses which friend avoid mistakes. (Robbins et al. , 2012, p. 86). It allows people to make faster decisions since things have been predicted and gratuitous trials do not have to be conducted.Planning also helps people manage their resources, minimizing factors that can deadening down their activities. By well-favoured an idea about the availability of resources, the efficiency and effectiveness of works will be increased. (Delma & Shane, 2003, p. 1167). Furthermore, planning provides time for each mission so that each person can track their own process and organize the w ork to keep up with the whole troupe. One thing that contributes to the grave of formal planning in business is strategical planning. It is proved that the relationship between strategic planning and organization performance is positive.The standard possible action of strategic management surrounds planning of a mission and objectives, implementing a hierarchy of strategies to achieve and controlling to ensure the goals are achievable. The purpose of strategic planning is to make organizations management flex more effective. Combine these two things, indirect improvements of performance could occur. (Falshaw, Glaister & Tatoglu, 2006, p. 12). Moreover, making a strategic plan means manager have to go through the process of collecting data, forecasting, poser and creating alternatives to respond to unexpected scenario.Strategic planning also promotes long term thinking, reduces uncertainty, identifies and evaluates alternatives strategies. By doing that organization with proper plans has already had an advantage to those that dont. There is a link between company size and the use of strategic instruments. As smaller companies possess less time, resources and knowledge, they have a tendency to cut down on planning process and focus more on operational activities. The more the companies grow, the more formal the plan will be. Big enterprises have stable structure so it is more suitable to planning.Also with more resources in term of personnel, knowledge and time, it will be easier to have a good strategic plans. (Kraus, Reiche & Reschke, 2007, p. 11-12). However, new ventures should not skip the planning process since it is a guideline for long term success. Plans will remind managers about the goals and giving clues on responding to changes. If a new firm just focus on operational details, it might be hard for them to grow bigger. Therefore, a plan could be recyclable in maintaining as well as developing the company. Tulane University in New Orleans, Louis iana is an example of prosperous planning.The university was pixilated damaged in 2005 by Hurricane Katrina. By 2006, it was reopened thanks to the renewal plan created by its pupils. The plan is found on the current situation of the university at that time. After going through many processes and revisions, taken student affairs goals accordingly, the university could face the disasters aftermath in the best way. (Cherry & Clark, 2010). Having a plan does not guarantee success. There are criticisms about how formal planning were long and does not bring as many outlaywhile suggestions as it should.As the business environment is often changed with a fast pace, a long process like making strategic plans may not give managers suitable choices at certain time. In order to respond to an uncertain environment, plans have to be flexible, but that is what formal planning lacks. A traditional strategic plan is created with specific goals and limited time to achieve those goals. It create s rigidity and may lead to failure if the managers follow the plan strictly without paying attention to changes. Strategic planning is useful when it drive decision making.Surprisingly, according to Mankins and Steele (2006, p. 77), the structure and timing of strategic planning make it hard to assign a good decision. In their survey which confirmed what they observed over many years, only 2. 5 major strategic decisions are made from companies with standard planning. It demonstrates the fact that, traditional planning model is out of sync from what executives and managers want or need. Therefore, organizations should change their approach in planning. Plans must be specific but also flexible so that managers can respond to changes purify without going off track.A successful plan can also be a path leading to disaster. Since it is hard for people to renounce their comfort zone and try nighthing new. Success may lineage success, but it can also breed failure, especially in an unc ertain environment. (Robbins et al. , 2012, p. 87). Unfortunately, business environment is very unpredictable and with the development of new technology, a plan can be out of date in a short period of time. In order to remain successful, managers must face uncertainty and brave plenteous to make changes.Nowadays, in some organizations, planning just contributes a small part in their success. The decisions are made based on sparse information and rely upon shortcuts or heuristics to save time. (Kirsch, GoldFarb & Gera, 2008, p. 487). Another way is making decisions based on actual works. Some of those organizations do success with that method. The best example must be Google. It is a company well-known for freedom at workplace and the majority of its plans are informal. Employees can do whatever they want, work with whoever they like and they can spend 20% of time on their own project.A company with microscopical structure like that is now very successful and consistently outperfor med their competitors in stock market since 1998 (Gargiulo, 2011). Googles success does not come from those long and unrealistic plans but come from the way they manage people. Motivation, giving benefits and making employees excited going to work are the keys to their success. Managers at Google make their staffs feel like family at workplace. Although there is downside of not having a plan. It could be difficult to figure out the responsibility of each person.Google had no legal representative for the company at a Belgian law suit. (Schjndel, 2012, p. 17). Still, the benefits are more than enough to make up for problems caused by unstructured way of operating. At the age of 18, I know the important of planning in a persons life. Most of my failure in the past came from not having a suitable plan or having no plan at all. I used to do thing at the last minutes, therefore, the result was not as good as it should be, especially in study. I now pay more attention to planning and after practicing for a period of time, my planning skill has improved a lot.When making a plan, I analyze what I need to do, past clothe the task in order and give time to each task. Since the works have become structure, I not only save my time but the efficiency and effectiveness of my works have increased. However, I still have a lot to improve in my planning skill. The plans cannot make restore if you do not carry it out. Sometimes, I made plans and did not do it. Moreover, some of my goals were very hard to achieve. These kinds of goals need a lot of effort and you may not achieve it after all.In order to prepare for future management challenge, I will practice analyzing the situations, setting more realistic goals and arrange my work more logically. I also find some part time jobs that demand planning or management skills to have practical experience. Practicing in a business environment will help me have a better understanding of all the things I studied as well as give me an i dea of how managers do their work. Spending more time research about management theory to expand my knowledge and finding a suitable style to manage people. By doing that my skill will theoretically and practically improved.I will make a plan to develop my skill in a short time so that I can be more confident in dealing with future challenges in my life. In conclusion, planning is still a useful process for any organization regardless of its size. Formal planning give companies a structure way of operating. Based on the plans managers can at least maintain a stable level of performance and avoid inessential mistake. It is also a stepping stone for developing organizations. Although it still remains some disadvantages but nothing is perfect. Planning is just a tool to help managers run the business comfortably.Whether an organization success or not depends on variety of factors the environment, personnel and so on. It is up to the managers to make adjustment when unexpected things o ccurs and make the right decisions. In an era where changes happen at a fast paced, having a plan means better preparation and better chances to achieve success. That is why planning is essential and every business should take planning seriously even though it is a long as well as hard process. The benefits it brings worth the effort. If you fail to plan, there is a high chance that you are planning to fail.