Pros and Cons of Planning Function

business

Description

Learning Activity 1, Theme 1

The 21 st  century manager is the person tasked to implement the leader’s vision and

mission for the organization.  The manager does this with the help of Fayol’s theoretical

framework known as the four pillars of management: planning, organizing, leading, and

controlling.  This week, we begin our examination of the four pillars of management with

the first function, planning.

The planning stage of management is considered by most to be the most important

because of the advantages that planning has for achieving goals.  Due to the complexity

of the business landscape in the 21 st  century managers are faced with planning and the

need for quick change.  The agile organization attempts to address the advantages and

disadvantages of planning.

 Explore the Internet and retrieve articles that discuss the pros and cons of the

planning function.

 Compare and contrast the advantages and disadvantages to the planning function

and explain how the manager in an agile organization may use both to his or

her advantage.

Learning Activity 2, Theme 2

There are several elements that result from the planning stage but for our purposes we

will focus on the development of long-term and short-term goals.  Long-term goals are

set by the owners, leaders or upper management depending on the structure, size or

type of organization.  Long-term goals reflect the big-picture goals and objectives are

directly related to the purpose and vision that the leaders and owners develop.  In

today’s change-dominated business environment long-term goals are set to be

accomplished in 2-3 years’ time as opposed to the previous century’s 5-10 years.

Long-term goals are often created through planning and strategizing.  The process

begins with the vision and mission of the business.  To understand the concepts of

vision and mission and their role in the process, you will take the role of the leader and

formulate the vision and mission of an organization.

 Create a vision statement and mission statement to fit the company described below.

 Make sure to explain why the vision statement and mission statement fit the

company. Be sure to use the course readings in your response to support your

reasoning.

Mohammed Abul and his family own the Long-lasting Boot (LLB) store. LLB is a

specialty boot store located in the downtown area in a medium sized city Scottsdale,

Arizona and sells a broad line of boots to all members of the family including a novelty

pet line.  The store sells boots for work and recreation as well as a line of expensive

cowboy boots for the tourist trade.  The business is twenty-five years old. It has a

reputation for being the best place to get boots in the community because of the

selection, quality, and customer service.  LLB will even work with custom designed

boots for people with unusually sized feet or medical problems.  The boots in some

instances, work boots in particular, are considered expensive by middle class buyers


but the construction quality is so long-lasting that it makes the higher prices seem

worthwhile.  The store is successful but sales are very slow growing at the moment.

 The family is looking to boost sales by developing a competitive edge for the future.

Hint: Before you begin be sure that you clearly understand the difference between a

vision and mission statement as well as the purpose they each serve.


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