...Management Planning Paper Management Theory, Practice and Application Ryan Ranger In today's business there are several levels of management from your top levels to your front-line managers. At each one of these levels there is certain planning that needs to go on. When it comes to planning there needs to be a directed approach that gives a set of goals that can be accomplished at each level. Planning needs to be a thought out process that can incorporate certain situations and think of future objectives that need to be obtained. In the process of planning there are certain actions that need to be put in to achieve these goals. At a minimum, planning should outline alternative actions that may lead to the attainment of each goal, the resources required to reach the goal through those means, and the obstacles that may develop.( Bateman & Snell, 2009) There are three major plans that most companies will use for different reasons. One is the single use plans, there are used for plans that might not likely be used again in the future. Then there are the standard plans that are more commonly used. Managers will use them for ongoing activities to achieve a standard set of goals. Finally there is a contingency or what is known as the "what if" plan. They come up with these contingency plans in case an original plan does not work out like they anticipated. Once a management comes up with the plan they need to start putting it in effect. There are different levels of...
Words: 812 - Pages: 4
...Management Planning Paper Introduction This paper will discuss management planning at Boeing. The planning function is critical for a company as enormous as Boeing. Boeing is one of the world’s largest aerospace companies producing jetliners, defense, and space and security systems. The company is a premier exporter that offers its products to airlines, U.S. and allied governments in over 90 countries across the globe. Their product and customized services “include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.” (Boeing Brief, Boeing.com). Planning Functions of Management Management planning involves the conscious and systematic process of making decisions about goals and activities individuals and work units will follow to provide value to the shareholders. The planning process involves a six-step process. The first step is to conduct a situational analysis that examines past events, current conditions, and attempts to forecast future needs. The second step is to establish alternative goals and plans. The process should generate alternative goals and alternative plans that can be followed in the future to achieve those goals. Goals are the target for each manager to strive for, need to be specific, measurable, attainable, relevant, and time-bound. Plans are the actions the manager will take to achieve goals. Plans...
Words: 1249 - Pages: 5
...This paper will discuss management planning at Boeing. The planning function is critical for a company as enormous as Boeing. Boeing is one of the world’s largest aerospace companies producing jetliners, defense, and space and security systems. The company is a premier exporter that offers its products to airlines, U.S. and allied governments in over 90 countries across the globe. Their product and customized services “include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.” (Boeing Brief, Boeing.com). Planning Functions of Management Management planning involves the conscious and systematic process of making decisions about goals and activities individuals and work units will follow to provide value to the shareholders. The planning process involves a six-step process. The first step is to conduct a situational analysis that examines past events, current conditions, and attempts to forecast future needs. The second step is to establish alternative goals and plans. The process should generate alternative goals and alternative plans that can be followed in the future to achieve those goals. Goals are the target for each manager to strive for, need to be specific, measurable, attainable, relevant, and time-bound. Plans are the actions the manager will take to achieve goals. Plans at least should outline alternative...
Words: 294 - Pages: 2
...Management Planning Paper Artrina Towner University of Phoenix MGT/330 August 16, 2010 Don Driscoll Management Planning Paper Tyco International Ltd is a diversified, global company that provides vital products and services to customers in more than 60 countries. With more than 100,000 employees worldwide, Tyco is a leading provider of security products and services, fire protection and detection products and services, valves and controls, and other industrial products. Tyco vision is to be the customers’ first choice in every market they serve by exceeding commitments, providing new technology solutions, leveraging their diverse brands, driving operational excellence, and committing to the highest standards of business practices. Tyco strive to adhere to the highest standards of corporate governance by establishing processes and practices that promote and ensure integrity compliance and accountability. They understand and exceed their customers’ needs, wants and preference to provide greater value to their customers. Tyco focus on strategies to achieve organic growth targets and deploy cash for growth and creation. They build on the company reputation and image internally and externally while driving initiatives to ensure Tyco remains an employer of choice. Operational excellence implement best in class operating practices and leverage companywide opportunities and best practices. The financial strength and flexibility, ensures that revenue...
Words: 1188 - Pages: 5
...Management Planning Paper Whitney Allen Axia College Management planning is an essential task for a company as massive and complicated as Boeing Corporation. The company operates on a global level and it’s provides products to customers around the world. They produce high end aircraft for both commercial and military organizations. The products manufactured are primarily needed to carry passengers, carry cargo, and perform military operations. Aircraft used for these purposes are strictly regulated due to safety and performance concerns. In the United States, Boeing aircraft are regulated by the Federal Aviation Administration, or FAA. With all these factors in mind, Boeing is required to conduct extensive planning in order to operate an efficient business. Management planning plays a large role in the success of the company and is used at all levels of the corporation’s structure. The planning function of management is the process of setting goal and objectives for an organization to achieve over a set period of time. A plan will include activities and tasks that need to be completed in order to reach the ultimate goal. Good plans will also take into account variables and unexpected occurrences. By planning for the unexpected an organization can avoid the chaos that is associated with unforeseen challenges or problems. In the case of Boeing, planning is vital within all of its major departments. The company remains efficient by setting goals within its engineering department...
Words: 1094 - Pages: 5
...Management Planning Paper Management Planning Paper WorldCom or “MCI Inc.” (Presently) was a telecommunications company founded in 1983. The company began as Long Distance Discount Services, Inc. (LDDS) and was based out of the state of Mississippi. The company became publicly owned corporation by 1989 as a direct result of the merger between themselves and “Advantage Companies Inc”. It was at this time the company took on a new name (LDDS WorldCom). The primary function of WorldCom at the time was to provide long distance calling and was at one point the second largest company doing this, outmatched only by AT&T. Early on WorldCom was portrayed as very promising company that made its way to the top by merging and purchasing smaller companies in order to spread their control throughout the country and more. The management team of WorldCom, led by their chief executive officer (CEO) Bernie Ebbers was so undeniably powerful and strategic that at one point almost performed the largest merger in history with Sprint but the proposal was thought to be something of a “monopoly” and thus never had the opportunity. Towards the end of their promising run WorldCom was estimated to be worth upwards of $20 billion. Although the company was thought to be something of a “titan” among telecommunication companies it was later brought to the attention of the world that many of its management members as well as Mr. Ebbers were involved in fraud. Mr. Ebbers who was thought to be something...
Words: 879 - Pages: 4
...Management Planning Paper MGT/330 Boeing is one of the United States’ largest exporters and is a predominant aerospace and defense corporation. Boeing is the world’s largest global aircraft manufacturer (by deliveries and revenue), and the second-largest defense and aerospace contractor (ranking in Defense News). The history of Boeing is as exciting as any in history, and encompasses thousands of individuals, innovations, and spectacular technological developments in airline design and manufacturing. Of course, most everyone is familiar with the 1903 Wright Brothers flight at Kitty Hawk, North Caroline. That same year, 22 year old William Boeing left college at Yale and moved forward to the West Coast. Through a series of events, Boeing wanted to learn more and more about aviation finally partnering with George Westervelt, a former engineer and airline enthusiast. By 1915, Westervelt and Boeing designed a new twin-float seaplane called the B&W (Yenne, 2005, 3-18). What followed was a series of challenges, setbacks, successes, and innovations. During World War II, Boeing was responsible for building up to 350 bombers per month. After the war, the company quickly tried to recoup its production and in the 1950s developed numerous new military applications and the Boeing 707 jetliner, one of the most successful aircraft ever designed. The 1950s also saw Boeing move into the development and production of advanced weaponry, securing a place in the burgeoning...
Words: 1815 - Pages: 8
...Management Planning Paper Mgt/330 Lee E. Russell University of Phoenix October 1, 2012 Professor Robert Wenger Management Planning Paper This management planning paper will be done about the Halliburton Company. Energy is one of Halliburton’s chief assets, which happens to be one of the largest in the world. This lucrative corporation was founded in 1919; it now does business in about 70 countries, and utilizes more than 50,000 workers. Its chief industry that it serves is the upstream oil and gas. Whether it is finding hydrocarbons, organizing geological data, to the formation evaluation and drilling, to well construction and completion, all while optimizing the production during the life cycle of the reservoir, all of this is done by Halliburton. Two divisions make up Halliburton, and they are Drilling and Evaluation, and Completion and Production. What Drilling and Evaluation consist of is, drilling, evaluation, field and reservoir modeling, well bore placements, which allows customers to measure, model, and optimize the activities of their well construction. What Completion and Production does is it distributes cementing, intervention, simulation, and completion of services. These two divisions account for over 15 billion dollars in highly regarded revenue (2007). When we take planning into account, it is noted that it is a prime function of management, which helps Halliburton set and eventually achieve its goals. By getting to be an enormous corporation, Halliburton...
Words: 901 - Pages: 4
...Boeing Management Planning Paper Marcia Davis MGT/330 January 12, 2011 Sylvester Taylor Boeing Management Planning Paper Boeing like many successful companies today does not stand still or rest on their laurels of previous accomplishments. If they do they can become vulnerable to competition, technology, changes in customer preferences, and the business environment. Instead, they use their current successes to continue to build a competitive advantage for the future, constantly seeking new ways to remain flexible, innovative, efficient, and responsive to their customers. One of the most important ways of accomplishing this is to make sure that their organization structures and systems remain adaptable. A business must always be prepared to meet the complex and ever-changing challenges that managers and their organizations constantly confront. Boeing like many other companies has to use innovations in design and manufacturing as well as a focus on quality and other vital factors in the development of airplanes. Not long ago Boeing was in turmoil in the aftermath of the 9/11 terrorists attacks. (Bateman & Snell 2009) Boeing suffered turnover in their executive ranks that caused uncertainty coupled with their chief rival European-based Airbus surpassing them in annual sales, Boeing decided it was time to make some changes. The Boeing Company business has many members including employees, managers, chief executive officer James McNerney, and the board...
Words: 1528 - Pages: 7
...Management Planning Paper Eugene R. Vazquez MGT/230 May 30th, 2013 Prof. Gabriel Medina, MBA Management Planning Paper Boeing Corporation as my example Table of contents Introduction -------------------------------------------------------------------------------------------------1 Evaluate Planning Function of Management------------------------------------------------------------2 Analyze Influence on Management Planning -----------------------------------------------------------3 Analyze Factors that Influence the Boeing Corporation Planning------------------------------------4 References----------------------------------------------------------------------------------------------------5 INTRODUCTION I will evaluate the planning function of management by using the Boeing Corporation as an example in my paper. I will analyze the influence that legal issues, ethics and corporate social responsibility has had on management planning at the Boeing Corporation. I will also analyze the factors that influence the strategic, tactical, operational and contingency planning at the Boeing Corporation. PLANNING FUNCTION The planning function is a process which begins with a situation analysis of external and internal forces affecting the corporation. This situation analysis identifies the problem and diagnose the solution which will bring alternative solutions for the corporation. The next step...
Words: 1079 - Pages: 5
...This paper will explain how good management practices of planning, leading, organizing, staffing, and controlling are implemented into the workplace. It will analyze the application of these management concepts to the workplace. Including specifics of how five functions are practiced in the workplace. Applying the five functions can only improve any business that is willing to accept changes. At the time it was not known that the Boutique was using the five functions. The course made it clear that the owner was utilizing the five functions and the contribution it will offer to the business when practiced during operation. MANAGEMENT PRACTICE Effective Management Practices in the Workplace A good, effective management practice to use in any workplace is the five functions: planning, leading, organizing, staffing, and controlling (Reilly, 2011). A successful workplace has to have a great staff working to help it move forward. A great leader (owner) will ensure that employees are organized, informed of the planning, leading, staffing, and controlling to reach the goals of the organization. Working in the clothing industry is tough so applying the five-functions in the workplace will work when it is applied properly. To be successful managers and owners need to know the five functions, and how to implement them into the workplace. Success will be reachable and achievable when all five functions are taken seriously and applied into the business as a team effort. ...
Words: 299 - Pages: 2
...330 Week 1 Individual Assignment Functions of Management Paper MGT 330 Week 1 DQ 1 MGT 330 Week 1 DQ 2 MGT 330 Week 1 DQ 3 MGT 330 Week 1 Summary MGT 330 Week 2 Team Assignment External Internal Factors Paper MGT 330 Week 2 Individual Assignment Delegation MGT 330 Week 2 Summary MGT 330 Week 2 DQ 1 MGT 330 Week 2 DQ 2 MGT 330 Week 2 DQ 3 MGT 330 Week 3 Individual Assignment Management Planning and Ethics MGT 330 Week 3 Individual Assignment Management Planning Paper MGT 330 Week 3 DQ 1 MGT 330 Week 3 DQ 2 MGT 330 Week 3 DQ 3 MGT 330 Week 3 Summary MGT 330 Week 4 Organizational Structure Paper and Presentation MGT 330 Week 4 Team Assignment Control Mechanisms Paper MGT 330 Week 4 DQ 1 MGT 330 Week 4 DQ 2 MGT 330 Week 4 DQ 3 MGT 330 Week 4 Summary MGT 330 Week 5 Individual Assignment Management and Leadership Paper MGT 330 Week 5 DQ 1 MGT 330 Week 5 DQ 2 MGT 330 Week 5 DQ 3 MGT 330 Week 5 Summary ------------------------------------------------------------------------------ MGT 330 OLD Week 1 DQ 1 (Old) For more course tutorials visit www.tutorialrank.com What is management? Why is management necessary? How do you think management has evolved? ------------------------------------------------------------------------------ MGT 330 Week 1 DQ 2 (Old) For more course tutorials visit www.tutorialrank.com What are the four functions of management? What do the four functions of management have in common? How do managers at different...
Words: 2097 - Pages: 9
...6 Project Management Puerto Rico Campus - Guaynabo Copyright © 2009, 2008, 2006, 2004 by University of Phoenix. All rights reserved. Course Description This course examines project management roles and environments, the project life cycle, and various techniques of work planning, control, and evaluation for project success. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Kerzner, H. (2006). Project management: A systems approach to planning, scheduling, and controlling (9th ed.). Hoboken, NJ: Wiley. Meredith, J. R. & Mantel, S. J. (2006). Project management: A managerial approach (6th ed.). Hoboken, NJ: Wiley. All electronic materials are available on the student website. Microsoft® Project® 2007 (Virtual Desktop) Week One: Project Definition Details Due Points Objectives 1.1 Determine the importance of project management in the current...
Words: 3035 - Pages: 13
...Version 4 Project Management | Copyright © 2009, 2006, 2004 by University of Phoenix. All rights reserved. Course Description This course examines project management roles and environments, the project life cycle, and various techniques of work planning, control, and evaluation for project success. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Kerzner, H. (2006). Project management: A systems approach to planning, scheduling, and controlling (9th ed.). Hoboken, NJ: Wiley. Meredith, J. R. & Mantel, S. J. (2006). Project management: A managerial approach (6th ed.). Hoboken, NJ: Wiley. All electronic materials are available on the student website. Software Microsoft® Project® 2007 (Virtual Desktop) Week One: Project Definition | | Details | Due | Points | Objectives | 1.1 Determine the importance of project management in the current business...
Words: 1839 - Pages: 8
...Management Planning National Beverage Corp University of Phoenix MGT/330 Jacqueline Lester December 20, 2010 National Beverage Corp is a regional bottling company located in the United States. Some of their products are Shasta, Faygo, Ohana, and Everfresh. National Beverage Corp’s products are available at convenience stores, supermarkets, and other retail stores. The company has a management planning function that is affected by ethical policies, social responsibility, legal issues, and many other factors. The meaning of ethical conduct is not completely clear in the business world. In numerous cases, business philosophy says that people should conduct themselves in a manner above criticism. It is very important that all employees of National Beverage Corp conduct their business affairs in an appropriate behavior. Ethical conduct is essential to ensure triumphant, continued business relations. The laws of National Beverage Corp are observed to make sure that they have the highest ethical standards. If a person is uncertain about a problem, it is very important to seek help. The problem is discussed with management, and then it is resolved. The business conduct policy is not always built on hard set rules but instead offers some common sense used in day-to-day business life. NBC employees are informed that they have to be aware of anything that could cause them to engage in unethical actions...
Words: 2056 - Pages: 9
