Planning Function Essay

Document Type:Essay

Subject Area:Business

Document 1

It is also characterized by coming up with proper approaches on how to develop the tabled idea. These approaches entail planning to achieve the desired goal. The basic concept of any managerial body in existence is to achieve the major objective of the organization that they are running. They ought to come up with proper managerial tactics to run the organization so as to achieve the desired objective. Thus, planning exists in this concept which ought to be the primary managerial instrument for effective governance of any institution. Properly laid down strategies act as future programmers that assist in directing and controlling any organizational activities. The fourth bit is that planning acts as a motivating factor (McIlfatrick & Fitzsimons, 2018). Any human being is motivated by attainment of an intended end result.

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Planning clearly is a bridge that links the present to the future. It also steps the steps necessarily to attain the intended end result. They are the most basic strategies that ought to be stipulated on specific tasks. They are essential in the attainment of tactical plans. The responsibility of devising such plans is mandated to the low-level managers as they are characterized by decision making that ought to be done on a routine basis. They are classified as single-use of ongoing plans. Single-use plans are to be used once example advertisement strategies made by a marketing manager. Thus, they are long-term plans which are bound to change the direction of an entire organization in the future. They are decisions that are designed and executed by the top-level managers in an organization.

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They act as a guideline that shows where the organization ought to be in the next three, five or ten years. These plans are very essential in any organization as they act as the framework upon which low level planning is done, that is, tactical and operational planning. They are inclusive of plans that ought to increase return on investment, improving corporate social responsibility, improve productivity and profitability and enhance organizational growth. This entails formulating what the approach intends to achieve in the future. It is thus the end result. Second, the managerial body ought to outline any eventualities that may hinder attainment of the final goal. This is the objective that ought to be attained. The third bit entails devising alternative approaches and the best course of action ought to be devised.

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However, they both types of plans have a lot of disparities. Strategic plans are long-term that is for a period of three to ten years while operational plans are short term that is for a period of one year or less. Strategic plans are formulated in pursuit of organization goals as a whole while operational plans are formulated with the desire to fulfill a specific objective. Strategic plans require intervention from a lot of people who are inclusive of shareholders. Thus, involves external parties while operational plans involve internal organizational stuff. References Bryson, J. M. Strategic planning for public and nonprofit organizations: A guide to strengthening and sustaining organizational achievement. John Wiley & Sons. Chienwittayakun, J. In The Psychology of Planning in Organizations (pp.

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