Management Planning Paper

Management Planning Paper - Management 1 Management...

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Management 1 Management Planning Paper Amber Gaedtke January 17, 2011 MGT/330 Christi Monk
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Management 2 Management Planning Paper The functions of management describe managers’ jobs. One of the most common functions of management is planning. These functions provide a useful way of gathering information about management. Tactical and strategic planning are the two most used in management, they are most often confused with each other. Tactical planning is defined as a “systematic determination and scheduling of immediate or short-term activities required in achieving the objectives of strategic planning” (WebFinace, 2010). Strategic planning is defined as “a systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.” Management planning has set of boundaries followed by management professionals. Planning involves forecasting future conditions, setting objectives, and developing means to grasp objectives. To obtain effective planning, management must take into consideration unexpected contingencies that may come up that are not allocated in the budget plans. Management defines organizing as making provisions for the structuring of activities and the professional relationships within the business and recruiting, evaluation, and training of personnel. Another important factor for managers is making sure that the senior management teams understand the people who work for them, setting good examples, treating subordinates consistently with firm policy, delegating, and communicating through meetings and conferences.
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Management 3 The functionality of coordinating as one embodiment is key. When using control, in terms of ensuring that all functions occur within the plan, the purpose is to identify deviations from the plan and to make the corrections in a timely manner. Planning is the function of management that involves setting objectives and determines a
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This note was uploaded on 04/09/2011 for the course MGT 330 taught by Professor P during the Spring '10 term at University of Phoenix.

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Management Planning Paper - Management 1 Management...

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