Management Planning and Ethics

Mgmt Planning and Ethics

Renee A Nasco

MGT330

Timothy J Shobbrook

April 8, 2006

Management Planning and Ethics

In Chapter 4 of Management: The New Competitive Landscape, it is explained that “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.” (Bateman & Snell, 2004) Planning provides employees with a clear chart of what the company expects to be happening in the near future, while also setting up contingency plans for changing conditions. Planning is an activity that is driven and monitored by all levels of management at different stages.

A strategy is a pattern of actions and resource allocations designed to achieve the goals of the organization. Strategic goals are major targets or end results that relate to the long term survival, value, and growth of the organization.