Week Three Reflection Summary

Team B

Christopher Nieto

Anais Romero

MGT/230

January 14, 2013
Marlo Cross

Reflection Summary

My name is Anais Romero and during week two the team reviewed planning as a management function. We learned about the various factors that influence strategic, tactical, operational, and contingency planning. Finally, the team learned about the effects that legal issues, ethics, and corporate social responsibility have on management planning. As a team we learned about the basic steps involved in the planning function of management. Planning improves innovation, speed, quality, and costs. Those are qualities that make a business successful. We learned that the planning phases are not only used by large organizations but also that planning has become a widespread management function. In order for smaller organizations to be competitive if not aggressive, planning is needed. In week two, we learned about the six basic steps used in the planning process: situational analysis, alternative goals and plans, goal and plan evaluation, goal and plan selection, implementation, and monitor and control. As a team, we found that many of us worked in businesses that have succeeded due in part to the planning phase of business. As these businesses continue to be competitive, changes need to be done using a plan. We understand that planning is applicable to our personal lives as well. Planning daily tasks, events, and agendas are done by all of us and future planning may be done more thoroughly because we have more in depth knowledge of how the basic steps work. Strategic planning is the process of making long term goals that involve mostly external issues and are usually made by executives but not implemented solely by executives. Those goals are the results and relate to long term goals. Strategic