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Management Planning And Ethics Paper

1014 words - 4 pages

In this paper, one will evaluate on company ABC's management planning and how one thinks how planning should be done within the organization. Legal issues, ethics and corporate social responsibility all impact management's planning within the organization. The markets change, costs rise and fall, stocks adjust and this all happens in a day of business. That is the reason why companies must make changes to remain successful in today's society.The importance of formal planning in organizations has grown dramatically. Until the mid-1900's, most planning was unstructured and fragmented and formal planning was restricted to a few large corporations. Planning is the conscious, systematic process of making decisions about goals and activities that an individual, group, work unit or organization will pursue in the future. Planning is not an informal or haphazard response to a crisis; it is a purposeful effort that is directed and controlled by managers and often draws on the knowledge and experience of employees throughout the organization. Planning provides individuals and work units with a clear map to follow in their future activities; at the same time this map may allow for individual circumstances and changing conditions (Bateman & Snell, 2004).Going from the top of management is the corporate structure. For instance the president of the company makes the most money and has the least amount of day-to-day responsibilities. The president's main responsibility is to make money for the stockholders and/or shareholders. Beneath the president is the vice president who often has the responsibilities of the day-to-day functions within the organization. The different departments within the organization, for example like the finance department, which in most cases the chief financial officer is responsible for the cash flow of the company. One can also call this upper management or the executive management because of the responsibilities that can be delegated. The functions of the different department heads deal with the day-to-day activities within their departments. For example, the human resources department is responsible for procedures and recommendations for the rights of the individuals within the company, with other words, ethical and moral issues with the individuals.The gathering and providing of information and intelligence requires senior orexecutive management to delegate responsibility to their subordinates so that each individual within the organization can function properly in doing his or her responsibilities. This is where planning as a function becomes an important factor for an organization. Planning appears to be the most important tool that management can have to combat these daily changes. One of the most often overlooked management planning tools is the most effective and that is to ask the people doing the work for their input.In the organization of ABC, planning guidelines is set up by the corporate office. All guidelines do not...

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