...Job security is everything in life, finding something that suit’s your every need so that you’ll never have to worry about ever losing your job ever again but, finding that certain job is no easy task. In many circumstances, these types of jobs are non-existent, so how would one go about looking for one. In Amy Lindgren’s “Planning for Job Fair Success “she provides the up most advice on how to secure your dream job (Lindgren H2). Including preparing any amount of paperwork you may need, planning your attire and, setting any type of strategy that may help you. With this we will be applying these steps to the character Hank Dearborn in the episode “Who’s Waldo Smith” to see if he has what it takes to secure the job of a lifetime (1965). Preparing the proper paperwork for a job interview is the most vital part of a job interview, resumes and recommendations are key items everyone needs to show they have the requirements necessary for the job. In Lindgren’s article it says that you should always bolster your resumes and, provide as...
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...company such as monitoring, leading, and controlling, planning and organizing. These functions form the backbone of the well-known P-O-L-C framework in business management; P-planning, O-organizing, L-leading, C-controlling. Each of these activities affects the business and should be aligned with each other to establish a successful company. Planning: It is the primary function of business management and provides direction about what needs to be done and how it is to be carried out in advance. Koontz and O’Donnell define as: “Planning bridges the gap from where we are to where we want to go. It makes it possible for things to occur which would not otherwise happen.” Planning is an important function as it lowers the risk of uncertainty, aids in the process of decision making and encourages innovative and creative ideas. It also decreases the redundant activities. Planning is pervasive, futuristic and an ongoing process that involves mental exercise. “Failing to plan is planning to fail.” Planning is a dynamic process and can be broken down into the following steps: Environmental scanning: The planner needs to be aware of the external contingencies surrounding the company/organization and critically analyze them. These eventualities could in terms of competitors, economic conditions, and external and internal customers to the company. Using this, the planner/s must try to forecast the future conditions which form the basis of planning and help set the goals for future. Setting goals/objectives:...
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...Takeovers and mergers are complex transactions where many things can go wrong and therefore affect the success or failure of the deal. Integration planning is an important part of the takeover process, although there are other potentially significant factors that affect whether a takeover is successful which also need to be considered. (knowledge/ evaluation) Integration planning refers to a process in which the buying business (the acquirer) identifies how it will run the takeover target once the transfer of ownership has been completed. Integration involves many functional challenges such as how to manage customer reaction to the takeover, handle uncertainty amongst employees and integrate potentially different computer systems. Key strategic issues also arise – for example decisions over the future of competing brands, key business locations and the senior management structure. (application) Integration planning normally takes place before the transaction is completed with the aim of ensuring that the acquirer has a clear idea of the integration issues and a realistic action plan of how these issues can be addressed. It can be seen therefore that good integration planning can reduce the risks involved. (knowledge/ analysis) One reason why integration planning is important (evaluation) in determining the success of a takeover is that the process of integration is closely tied in with the need to achieve synergies. Synergies include cost savings and additional revenues...
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...How do the four functions of management affect organizational success? Which function of management do you think is most important? Why? The four functions of management affect organizational success: P The four functions of management affect organizational success because they must work together. The success of the organization relies on creative problem solving in each function of management. The success of the organization requires upon effective and efficient management. The four functions of management are planning, organizing, directing, and controlling. All of the functions must be equally performed and balanced. Lacking in one function can affect the success of the organization negatively across the board. The planning function is the core area of the four functions of management. Planning requires management to evaluate the company’s current standings and its goals for the company’s future. Management analyzes factors that may affect the opportunities and threats. In the organizing function of management the resources must be organized to implement the course of action determined in the planning process. Management will determine the internal organizational structure and allocate necessary resources. Through directing management influences and oversees the behavior of the staff in achieving the company’s goals. In this function management also assists the staff in accomplishing their own personal and career goals. Managers become more effective...
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...Introduction The success of an organization depends on its ability to find people with the right skills who would occupy key and top leadership positions. Years ago, companies maintain highly-structured and secretive schemes which aim to identify internal successors for key posts. In the same manner, there are also those companies who resort to the aid of headhunters in order to fill in vacated positions in the top management level. Whilst the aforesaid succession strategies were relatively successful, the need to plan ahead has rendered them ineffectual (Cannell, 2009). The nineties marked the period of growing uncertainty, of increasing sped of change in the business environment and flatter structures (Mowtani et al., 2006; Cappelli, 2008; Cannell, 2009). Without a doubt, it was difficult to ascertain as to whether or not the job one has will still exist after one year. It is because of this then that succession planning has increased its importance. Succession planning is defined as the process of identifying and developing internal people who possess the potential to fill key leadership positions in the company (Whitmore, 2006). In view thereof, many scholars believe that it is through succession planning that the company is assured that more people who are experienced and capable in assuming leadership positions are available. Whitmore (2006) further adds that it is because of the abovementioned that the so-called replacement planning for key roles is at the core...
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...developing effective strategy which will be helping the achievement of the company’s goals. Humankind has practiced in many and different planning strategies during its existence. Apparently some of them have been more successful than others. However, the most common techniques that are used and proved to be effective are known as strategic planning and tactical planning. In my opinion the planning in our days is with tremendous importance for companies’ well-functioning. Many factors will play role in companies’ functioning. Some are preventable and predictable, while others are quite surprising. However, having a plan of action can be in great benefit. The negative impact always can be minimized by having proper plan, or if we anticipate positive circumstances to happen the benefits we can obtain will be even greater. From historical point of view it is proven that strategic planning is more appropriate for accomplishing long term goals. Basically strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, and ensure that employees and other stakeholders are working toward common goals. During this process the management is in charge of assessing and adjusting the direction of the organization in case the course is not the desired one. For the strategic planning also can be told that is targeted effort in reaction of which are produced essential actions and decisions. Usually these decisions and...
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...Organisations that perform successfully are products of well-defined and thoughtful planning, hence it can be said that businesses who neglect planning, essentially plan to fail as they ineffectively provide procedures which should be executed in order to provide a positive direction for the organisation to pursue. In essence, planning is crucial as it minimises uncertainty so staff will better construct suitable responses to change or any problems which may arise as they have a guide to refer to, establishes a sense of purpose thus enabling a coordinated effort to fulfil the set goals and reduces waste such as monetary resources and time consequently leading to more efficient outcomes and processes. The potential for either success or failure ensues from how clearly goals are delineated and the manner in which procedures are implemented with the aim of fulfilling them, the type of plan an organisation utilises and the effectiveness of strategic management. Goals can be delineated as, “statements of intended results that are general in nature … measureable on a naming or ranking scale of measurement” (Kaufman 1988) and are an integral part of an organisation’s plan and when management fail to specify these objectives, they are unsuccessful in establishing a sense of purpose for all within the firm inevitably leading to business failure. They are crucial as they create purpose for the plan and establish its significance, that being, giving a path and meaning to what the firm...
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...July 14, 2009 Functions of Management Ever wonder what skills it takes to be a successful supervisor in a small or large corporation? There is a strategy to the success of these supervisors. In this paper, I am going to identify the skills and strategy to such success, by identifying and defining the four functions of management; planning, organizing, leading, and controlling. I am also going to explain how I implement them into my company and my office, and how these four functions help me to be successful at my job. H&R Block’s office managers need to follow and implement these four management functions in everything they do, to insure success in their offices. Take the marketing aspect of the job, for example. Without implementing these functions, there would be little success. Planning is used to specify the goals to be achieved, and deciding in advance the appropriate actions needed to achieve those goals. You use planning to analyze current situations, anticipate the future, determine objectives, and decide which activities are needed to reach company goals. When marketing for H&R Block, this management function helps to get ideas on the way to the implementation stage. Marketing takes time and detailed planning in order to be successful, and meet set goals. When planning, managers need to make specific goals on the people and communities you are trying to reach, and coming up with reasonable ways to reach them. Goals and objectives are then...
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...CHAPTER 7 Principles of Planning CHAPTER SUMMARY Planning is the process of determining how the organization can get where it wants to go. The fundamental purpose of planning is to help the organization reach its objectives. Advantages of planning include: (1) an emphasis on the future, (2) coordination of decisions, and (3) a clear focus on the objectives. If done incorrectly or excessively, planning can be disadvantageous, but its benefits outweigh its disadvantages. The six steps of the planning process are: (1) stating objectives, (2) listing alternatives, (3) developing premises, (4) choosing alternatives, (5) developing plans to pursue the chosen objective, and (6) putting the plan into action. Implementation of the planning process is the key to success. One way of approaching this implementation is to view planning activities as organizational subsystems. Chief executives have the final responsibility for organizational planning. Many chief executives, especially of larger firms, seek planning assistance from organizational planners. These planners should be able to: (1) use their organizational experience, (2) see the organization as a whole, (3) detect and react to trends, and (4) get along with others. Organizational planners have three general duties to perform. These are: (1) overseeing the planning process, (2) evaluating developed plans, and (3) solving planning problems. The evaluation of planners would be based on both objective and subjective...
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...strategic plan for the success of the defined business. Strategic planning is critical to business success. Different from classic business planning, the strategic variety involves vision, mission and outside-of-the-box thinking. Strategic planning describes where you want your company to go, not necessarily how you're going to get there. However, like all other "travel plans," without knowing where you want to go, creating details on how to arrive are meaningless. Strategic planning defines the "where" that your company is heading. Strategic planning is the core of any business. Thompson, A.A., Strickland, A.J., & Gamble, J.E. (2010) Crafting and Executing Strategy: The quest for competitive advantage: Concepts and cases: 2009 custom edition (17th ed). Unlike business plans, there is no one right way to create effective strategic planning. It is, by definition, brainstorming at its best. Strategic planning involves "feel" just as much as it depends on management science. Since it depends on creativity and outside-the-box thinking, there is no perfect way to design a winning strategic plan. The more you understand your company, your industry, and your corporate "wish list," the better a winning strategic plan you'll create. Pearce, John, & Robinson, Richard Strategic Management 12th edition As critical as business planning is to the success of your company, all plans are useless unless followed by action. An additional side benefit of strategic planning is the natural action...
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...There are four aspect of management that serves as a blueprint to achieving your set goals. They are planning, organizing, leading and controlling with planning the most important out of the lot There is a popular saying common with people from all works of life “he who fails to plan plans to fail” such lays down the importance of planning on management as a whole, it is the foundation on which everything else is built. The elook dictionary meaning states that it is the act of formulating a program for a definite course of action, without planning nothing can be achieved and this apply to our daily life as well. When looking at planning from a management perspective it can be said that most institutions within the sports and Leisure industry are doing well because of good planning and determination without determination nothing can be achieved and with planning both of these go a long way in achieving a directed goal or responsibility. The example that planning can be associated with is for example, if a new sports and leisure centre has opened the centre will obviously, recruit new staff it will also, make sure that the centre has a vision for a certain amount of years in other words, a vision is necessary to make sure that the centre is a huge success. This is where Planning plays a big part without it this certain place cannot achieve success they cannot achieve success of their...
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...ERP - Enterprise Resource Planning Liberty University Dr. Thomas Spotts Organizational Design and Structure ABSTRACT An Enterprise Resource Planning serves as a cross-functional enterprise backbone that integrates and automates many internal business processes and information systems within the manufacturing, logistics, distribution, accounting, finance, and human resource functions of a company. Large companies throughout the world began installing ERP systems in the 1990s as a conceptual framework for reengineering their business processes1. They have come to realize the importance of having such system in place to help them sustain their competitive advantage and to be ahead of other players in the market. It is true that the benefits that come with successful implementation are great but if not handled carefully, the risks involved are equally great. At present, most of the corporations can no longer disregard the significance of Information Technology in their organization to get competitive benefit. The companies are seriously depending on IT for processing their work because IT has supremacy to alter the whole organization such as size, net-profit, efficiency, human activity competence and customer contentment. A category III IS advancement, ERP (Enterprise resource planning system), has strategic application for the business since the incorporation of this system into all the major strategies or processes of the business can have a direct...
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... means available for accomplishing it by known procedures, guidelines and resources accessible. In order to reach this concept four functions are recognized. The four functions of management stated are planning, organizing, leading and controlling. Each of these functions helps the manager in a specific manner to aid in his managerial role. Many recommend following these four steps in order to achieve the success anticipated for future plans of the company. All four of these functions need to be given an equal amount of time as they are important elements in any organization field. For the sake of this paper will use the Real Estate profession for example. The Four Management Functions and how they relate to Real Estate: Planning Planning is the first tool of the four functions in the management process. The difference between a successful and unsuccessful manager lies within the planning procedure. Planning is the logical thinking through goals and making the decision as to what needs to be accomplished in order to reach the organizations’ objectives. Managers use this process to plan for the future, like a blueprint to foresee problems, decide on the actions to evade difficult issues and to beat the competition. (Bateman, Snell, 2009). Planning is the first step in management and is essential as it facilitates control, valuable in decision making and in the avoidance of business ruin. Any successful Real Estate company has a vision to lead the...
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...THE PROCESS OF STRATEGIC PLANNING ARTICLE #1 OF 10 INTRODUCTION TO STRATEGIC PLANNING Strategic planning is to a business what a map is to a road rally driver. It is a tool that defines the routes that when taken will lead to the most likely probability of getting from where the business is to where the owners or stakeholders want it to go. And like a road rally, strategic plans meet detours and obstacles that call for adapting and adjusting as the plan is implemented. Strategic planning is a process that brings to life the mission and vision of the enterprise. A strategic plan, well crafted and of value, is driven from the top down; considers the internal and external environment around the business; is the work of the managers of the business; and is communicated to all the business stakeholders, both inside and outside of the company. As a company grows and as the business environment becomes more complex the need for strategic planning becomes greater. There is a need for all people in the corporation to understand the direction and mission of the business. Companies consistently applying a disciplined approach to strategic planning are better prepared to evolve as the market changes and as different market segments require different needs for the products or services of the company. The benefit of the discipline that develops from the process of strategic planning, leads to improved communication. It facilitates effective decision-making, better selection of tactical options...
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...Corporate strategy identifies the goals of a company and defines ways of achieving those goals. Project management takes one of the goals and manages costs, schedules and resources to give the desired result. When small businesses use projects to make progress toward their strategic goals, they have to be aware of the differences between the two processes. While both corporate strategy and project management share planning and control characteristics, the details of their implementation and execution are not the same. Goals: The goals of corporate strategy and project management are different. Those of corporate strategy define the direction of the company and are not usually time limited. A strategic goal of excellent customer service is a continuous process. A project is designed to achieve its goals within a certain time frame. Its goals are to produce the desired result within budget and according to the schedule. Once the goals are met, the project is complete. Corporate strategy may use projects to further its goals, but the projects are steps in the overall process while the corporate strategy carries on. A project is “a temporary endeavor undertaken to create a unique product, service, or result.”Operations, on the other hand, is work done in organizations to sustain the business. Projects are different from operations in that they end when their objectives have been reached or the project has been terminated. A program is “a group of related projects managed in...
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