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WorldCom+Management+Planning

WorldCom+Management+Planning - Running head WORLDCOM...

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Running head: WORLDCOM MANAGEMENT PLANNING 1 WorldCom Management Planning NAME MGT 330/Management: Theory, Practice, and Application November 29, 2010 Alecia Cummings
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MANAGEMENT PLANNING 2 WorldCom Management Planning Planning is the conscious, systematic process of making decisions about goals and activities that an individual, group, work unit, or organization will pursue in the future. Planning is not an informal or haphazard response to a crisis; it is a purposeful effort that is directed and controlled by managers and often draws on the knowledge and experience of employees throughout the organization. Planning provides individuals and work units with a clear map to follow in their future activities; at the same time this map may be flexible enough to allow for individual circumstances and changing conditions” (Bateman & Snell, 2009, p. 132). In any business, whatever decisions are made today will influence a company’s future. The purpose of management planning is to set objectives and goals and to find a way to reach them. Planning requires management to evaluate where the company is currently, and where it plans to be in the future (Rane, 2010). In order to do effective planning, managers need to be prepared and be good decision-makers by thinking outside the box. History has shown that certain large corporations have gotten lost and deviated from their ethical and legal path. In 1983, WorldCom was created in a coffee shop in Hattiesburg, Mississippi, by a person named Bernard Ebbers. The idea was sketched out on a napkin and that was the beginning of one the world’s largest long distance companies. Bernie Ebbers was a former basketball coach who led his Long Distance Discount Service by providing service as a long distance reseller. The company grew quickly and in only 15 years, it had several mergers and acquisitions. In 1989, Ebbers was named chief executive officer and in 1985 the company went public. In 1988, the
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