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Management, Ch. 5: Planning: The Foundation of Successful
Management
Goals Planning
Today's global environment is highly competitive and extremely
dynamic and organizations must make sure they plan
accordingly. However, the characteristic I find most difficult is
for the goal to not only be challenging but attainable. According
to this week's readings, planning involves defining the
organization's goals, establishing an overall strategy for
achieving these goals, and developing plans for organizational
work activities (Kinicki & Williams, 2016). Plans are critical in
giving a company direction, improving efficiency, reducing
waste, lowering uncertainty, and setting up goals that managers
can later use in their controlling function.
Class: Who in the company is involved in the strategic planning
effort? Is it just executives? Or are some line workers
involved?
Kinicki, A., & Williams, B. K. (2016).
Management
(7th ed.). McGraw-Hill Education.

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Management, Ch. 5 Planning The Foundation of Successful Management.docx

  • 1. Management, Ch. 5: Planning: The Foundation of Successful Management Goals Planning Today's global environment is highly competitive and extremely dynamic and organizations must make sure they plan accordingly. However, the characteristic I find most difficult is for the goal to not only be challenging but attainable. According to this week's readings, planning involves defining the organization's goals, establishing an overall strategy for achieving these goals, and developing plans for organizational work activities (Kinicki & Williams, 2016). Plans are critical in giving a company direction, improving efficiency, reducing waste, lowering uncertainty, and setting up goals that managers can later use in their controlling function. Class: Who in the company is involved in the strategic planning effort? Is it just executives? Or are some line workers involved? Kinicki, A., & Williams, B. K. (2016). Management (7th ed.). McGraw-Hill Education.