Managment Planning Research Paper Example | Topics and Well Written Essays - 1250 words

Managment Planning - Research Paper Example Presently, the organization operates in over 60 international markets. The objectives of the organization are to attain an overall growth in terms of governance, organizational culture, customer retention and enhanced financial strength (Tyco, 2011). Therefore, management planning holds a vital role in the decision-making process of the organization. The objective of the paper will be to recognize the various management functions considered in the organization, i.e. ‘planning, organizing, leading and controlling’ as identified by Bateman & Snell (2009). It will further intend to evaluate the influences of legal issues, ethical considerations and corporate social responsibilities (CSR) on the management planning. It will also intend to identify and evaluate three other factors in the external and/or in the internal environment which have a significant influence on the strategic, tactical, operational and contingency planning. 2.0. Planning Functions of Management Accordin g to Bateman & Snell (2009), â€Å"management is the process of working with people and resources to accomplish organisational goals†. In order to execute the process with efficiency it is quite essential for the managers to take the support of a well-structured management planning. ... organizational leaders to identify the further scope of the business in terms of product line and efficiency but also plays a major role in rewarding an enhanced strategic value to the organization (Bateman & Snell, 2009). To be related with Tyco’s long-term management planning, its further initiation concentrates on its growth strategies. During the management planning for the future years, the company leaders also consider the opportunities focusing on the investments in ADT, marketing & sales and R&D (research & development). The planning also includes ‘bolt-on acquisitions’ along with further concentration on productivity improvements and capital allocations (Tyco, 2011). The planning function executed by Tyco can be observed as entirely based on the goals, i.e. to attain overall development comprising every aspect of the organization. Hence, the planning functions of the organization can be referred to be as highly effective considering the aspects raised by Bateman and Snell. 2.2. Organizing Organizing is referred to as a complex process considering almost every aspect involved in the management decision-making, from financial factors to the issues related with human resources. While executing the function, managers should not only consider the aspects active in the internal environment of the organization, but also emphasize on the external influencing factors, such as laws, socio-demographic features and others (Bateman & Snell, 2009). In this regard, the organizational leaders can be witnessed to effectively organize the available resources with due consideration to the external influencing factors. For instance, the strategic objective of the organization correlates with the technological, operational and branding or marketing along with the