There are fundamental steps that can help managers in planning. Allen (2013) describes these steps. The first management must set the objectives. Create both short-term and long-term goals. During this phase, operational and middle management focuses their attention on staff, departments and divisions. The objectives achieved come from the mission statement that describes their mission and values. They also come from other factors, such as ongoing planning, strategic planning and goals, resources, environmental conditions, ethics and experience. The second step would be to analyze and evaluate the environment. In this phase, managers analyze where the company is located, the environments and what resources are available. Managers need to consider what other factors might arise that could cause problems. Management must evaluate all possible actions and the potential outcome of each action. In doing so it is important to consider the internal and external factors that might influence each action. The third step would be to identify any alternatives. Make a list with all the different actions that will take the company to its goal. Bringing together several experienced managers to brainstorm as many different ways as possible is one way to achieve this. The fourth step would be to evaluate such alternatives. Consider the advantages and disadvantages of each alternative action and make a list of them. Once you've finished the list, go back to step two. Going back to step two will help ensure that each alternative is a viable alternative. There are several things a manager needs to know along with the financial aspect. Things to know are; What time and resources are needed for each replacement… middle of paper… This helps them decide who they are and what they want to accomplish. The second step is to analyze and evaluate the internal process and external environments. When a manager completes this step, he or she performs a situational analysis and finds out what the strengths and weaknesses are. They also look for external opportunities and threats. The third step is to evaluate the mission statement and objectives because the second step can have two outcomes: the first outcome states that the current mission statement is still the objective or it may require management to define a new mission statement and objectives . The fourth goal would be to build the strategies that will get you to those goals. The fifth objective would be to implement such strategies. putting them into action requires leadership, structure, people and information. The last step would be to monitor, evaluate the results and make changes if necessary.
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