Management Planning and Ethics

Running Head: MANAGEMENT PLANNING AND ETHICS PAPER

Management Planning and Ethics Paper

Laureano Fernandez

University of Phoenix

Management 330

Professor Carlos Avila

December 28, 2005

Work Session 3

Management Planning and Ethics Paper

Today’s business culture is highly composed of a competitive spirit, were business is conducted by management’s brains and brute force. Yes, it is a fact! Organization must be willing to outgun, and outsmart their competitors. To win in this business culture, organizations must be willing to be innovative, and bring new plans for new ideas. They have to win by implementing new ideas! This is basically the simplest form of management planning; however, take into consideration that organizations still find victory in reengineering, knowledge management, and enterprising systems that helped shaped their business over the years. How do businesses come up with ideas? Where do they come from? How new ideas get traction and does business in an environment that is very cautious? To know the answer to these questions we will make reference to research conducted by Tom Davenport, Laurence Prusack and H. James Wilson. These three men put their research into a book, What’s the Big Idea? Creating and Capitalizing on the Best Management Thinking (Harvard Business School Press, 2003). In truth, they laid out an eight-point strategic plan for winning with ideas. These are excerpts from Fast Company, which conducted the interview. The writer will demonstrate how their plans to win with ideas, correlates to organizational planning, and planning functions of management. The writer will also try to, at best find correlation in legal issues, ethics, and corporate social responsibility. The lesson here is to strategically win with new ideas.

Management Planning and Ethics Paper

There are three key points for great ideas. These key elements must improved efficiency; create greater effectives, or innovations in product, services or processes.

It would be very difficult for a great idea to survive on just one of these key elements; one without the other two would limit the power and value of the plan and innovation.

Are there any new ideas out there? Take into consideration that every new idea takes off from a related idea that came before it. Let’s not call attention to a new idea that was called something else before. New ideas and innovations must be planned out to be new and exciting, and management must communicate these ideas in a responsible, and ethical manner.

Management has a responsibility to its workforce; however, top level management sets the tone. The writer will make reference to corporate responsibility and how management plans with its workforce. Many organizations were used to encourage the thought the new ideas came from below, a very noble notion indeed. However, the danger lay ahead that the ideas were not going through upper-management. Thus, the idea was perceive as great if everyone through out the organization thought it was great, not just the Chief Executive Officer. In order to plan out effective strategic plans or those are innovative in nature. They must first be approved and signed-off by senior management. This is the corporate responsibility that ensures that ideas lines up with the leadership focus in the organizations.

New ideas and initiatives need ownerships, which’s to champion the task. Managers must take to task, planning for strategic initiative must be surrounded by managers with passion for the business, and those below them.

Management Planning and Ethics Paper

Managers must know that new ideas and improvements are key elements to an organization surviving in these cut-throat corporate days. Managers must believe in there plans, ideas, and action. Today’s workplace is weary