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Importance of operational planning in Management
Manage operational plan
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Management is the process of planning, organizing, leading, and controlling resources within a company to achieve organizational goals and economic well-being. With that being said, there are numerous theories regarding behavioural management as well as classical management approaches that can be considered as to which would predominate a Japanese business such as Nikon. Japanese business such as Nikon tend to make decisions by ‘consensus’, focus on the problem at hand, constantly increase effectiveness and focus, prioritize security and productivity, and open up to organizational change. A company such as Nikon could be expected to follow the guidelines of a bureaucratic organization their power distance, uncertainty avoidance, and masculinity …show more content…
Being a part of the Japanese culture, Nikon has access to some of the most resourceful people in the world, Japan’s high scores in Hofstede’s uncertainty avoidance, long-term orientation, and masculinity provide the fundamental tendencies to be meticulous planners and insightful in every step they take. Long range planning has become more prevalent in Japanese culture and therefore should be expected in a company such as Nikon. Japan’s high score in long-term orientation suggests that Nikon would benefit from the use of strategic plans, as they set out long term goals to accomplish using tactical plans. Additionally, Japan’s uncertainty avoidance score would have Nikon using tools such as forecasting, to predict future outcomes and be prepared. The use of forecasting as a tool allows Nikon to create contingency plans in order to have alternate courses of action should things go in any direction that is unexpected, again, this is a result of the Japanese culture and its intolerance to uncertainty and ambiguity. Goals are another integral part in Nikon’s management system, they keep the business well organized and aid in reducing uncertainty. For example, as a part of their business objectives, Nikon has specifically laid out three goals geared towards the future of their company; competency, succession planning, and global performance and development. …show more content…
Although different, Henry’s can recognize just as well the importance of planning when it comes to operational success. Since Canada scores low on time orientation, they are considered a short-term orientation society. Henry’s would use operational plans to carry out business objectives as they describe what needs to be done in the short term and in response to different situations. These types of plans increase immediate efficiency and spur productivity in the moment, which is why it is appealing to a company like Henry’s. This method of thinking will also bleed into how Henry’s would set up goals and objectives, they have the short term in mind and want to accomplish tasks that will improve the company more immediately than Nikon would want to have happen in
Every company has internal and external forces that effect how they operate within the community in which they are located and also within their own walls. These internal and external forces play a strong impact on the company’s profitability and success. These forces have an effect on what consumers they attract or ignore and how they are perceived by those who have the buying power. A mistake any analyzing and implementing measures to assist with these factors could greatly affects a company’s bottom line and success. This is why any company wanting to grow and be successful will need to take all of these forces; sociocultural, technological, economic, environmental and political-legal into consideration in creating their strategic plan.
In my understanding, management has had only to do with preserving the current status of thing so that today’s methods of production are upheld even tomorrow. The process of managing things. However, as Deming and Lee point out, management and leadership must be innovative enough to look into the future and examine if today’s methods will be relevant tomorrow to yield even more results. Effective management and leadership calls for flexibility to ensure that changes are welcomed and any adjustments deemed necessary are taken into consideration so as not to miss out on any opportunity
Murray and Dicroce (2003) suggest that management is a process that uses resources to achieve specific goals effectively; basic management functions including planning, organising, coordinating, directing and controlling. The term of manager can be appointed to the person to plan, organise, coordinate, supervise, negotiate, evaluate and use resources available in the best way possible to achieve the best service. Alternativ...
Femininity dimension are the roles and behaviors according to gender (Hall, 2014). There are some masculine and feminine cultures that behave differently. Masculine cultures represent “achievement, heroism, assertiveness and material rewards for success”. (National Culture) In comparison the feminine culture represents “cooperation, modesty, caring for the weak and quality of life”. (National Culture) I am unfortunately seeing many similarities between most European business units and the U.S. when it comes to this dimension because there are many males in management and VP positions. I don’t see or interact with many females in upper management or beyond. I’ve found that in our industry of medical software and hardware, the field is currently predominately male. There are many software engineers and field service engineers (working on equipment) helping the company grow the software and service our equipment in the
A company that is well managed is successful in most of its activities. Management is said to be the planning and organizing. This is so because good leadership skills oversee the general working of every unit in the organization. The management of Tesla...
Strategic management is the ongoing process of ensuring a competitively superior fit between the organization and its ever-changing environment (Kreitner, G13). Strategic management serves as the competitive edge for the entire management process. It effectively blends strategic planning, implementation, and control. Organizations that are guided by a coherent strategic framework tend to execute even the smallest details of their mission in a coordinated fashion. The strategic management process includes the formulation of a strategy/strategic plans, implementation of the strategy, and strategic control. A clear statement of the organizational mission serves as the focal point for the entire planning process. People inside and outside the organization are given a general idea of why the organization exists and where it is headed. Working from the mission statement, management formulates the organization's strategy, a general explanation of how the organization's mission is to be accomplished. Then general intentions are translated into more concrete and measurable plans, policies, and budget allocations. Implementation is the most important part of the strategy. Strategic plans must be filtered down to lower levels to be success. Strategic plans can go astray, but a formal control system helps keep strategic plans on track. In the strategic management process general managers who adopt a strategic management perspective appreciate that strategic plans require updating and fine-tuning as conditions change. Given today's competitive pressures, management cannot afford to let strategic plans sit as is. A strategic orientation encourages farsightedness. Sun Microsystems Inc. is one company that developed a strategy to become the competitive leader and become the most reliable in the net business. I will explain how Sun's strategy integrates their marketing, management, technology, and service functions into one effective strategy. First I'll discuss who Sun is and what encouraged them to develop their strategy.
Many theorists (Lynch, 2003, Mintzberg, 1990, Ansoff, 1991) will argue that the two main schools of strategic planning are the prescriptive, also known as intended, and emergent approaches. Both are debated widely about which is the better approach; recognised best by Idenburg (1993). Prescriptive strategies focus on planning; where predictions of the future are made, leading to long term decisions where the main elements of the strategy have been specially planned before being commenced and as stated by Mintzberg, 1990 "Strategy formation should be a controlled, conscious process of thought". The emergent approach relies on the fact that the outcome of the objective is not known; in contradiction to the prescriptive approach it is not a 'controlled, conscious process of thought' and has been described by Downs, et al (2003) as a trial and error process. The importance of strategy within organisations has been discussed as early as the 1950's with ...
Planning aims to reduce uncertainty. It does this by forcing managers to look ahead, anticipate change, consider the impact of change and develop appropriate responses. (Robbins 2012) Through attempted monitoring of conditions in a changing environment, one is able to respond quicker to new information and new circumstances, thereby becoming more flexible. In addition, having the environment under constant observation enables managers to analyse how the organisation will differentiate itself from its competitors, therefore facilitating more chan...
Planning is an essential process in today’s organizations. Based on the three types of managers: top-level (strategic managers), middle-level (tactical managers), and frontline (operational managers), exist three corresponding levels of planning: strategic, tactical, and operational. The purpose of this essay is to focus on the strategic level of planning for the Ford Motor Company; a leader in the global automobile industry. Strategic planning, according to Bateman and Snell (2009), “involves making decisions about the organization’s long-term goals and strategies” (p. 137). This paper will elaborate on six key influential factors: economic, environmental, competition, foreign policy, domestic policy, and innovation; that shape this corporation’s strategic plan. Finally, a SWOTT analysis will be conducted covering the strengths, weaknesses, opportunities, threats, and trends, that the Ford Motor Company has in relation to its business environment.
The article addresses the issue of being successful in a highly uncertain business environment. Some managers prefer to play it safe by adopting a wait-and-see strategy while others may invest in flexibility that allows their companies to adapt quickly as the market evolves. The companies sometimes neglect the fact that having a successful strategy depends on several factors, including their industry position, assets, or their willingness to take a risk in investing in such strategies. The paper introduced some of the tips and terminologies that could help managers facing uncertainty decide on whether to play safe or bet big. The traditional practice is to put a vision of predicted future events
There are different types of strategic planning that are currently in use, since this is a widely debated area of management. However, it is concluded that there are two main schools of thought, the prescriptive approach or the emergent approach (Lynch, 2012). As defined by Lynch, (2012) prescriptive strategic planning is the term given to a strategy whereby the objective of the strategy is defined in advance and the main elements are designed and develop...
Once plans have been developed, an organization must address how management will be accomplishing be those plans. This involves operational plans that must flow from strategy; specify resource, time issues, and commitment of human resources. Operational plans at the lower - levels of the organization, have a shorter time horizon, and are narrower in scope (Bateman, Snell 2003 p.113). A good example of this is Wal-Mart's main strategic goal. It is to provide quality merchandise at an affordable low cost to consumers. Its operational goals focus on efficient logistics requiring technology and inventory management systems to help reduce costs so it can be passed on to the customer. Operational plans are derived from a tactical plan and are aimed at achieving one or more operational goals (Bateman, Snell 2003 p.113).
Over the past hundred years management has continuously been evolving. There have been a wide range of approaches in how to deal with management or better yet how to improve management functions in our ever changing environment. From as early as 1100 B.C managers have been struggling with the same issues and problems that manager’s face today. Modern managers use many of the practices, principles, and techniques developed from earlier concepts and experiences.
The statement of a mission encourages one to progress to succession. A mission statement involves strategic planning in ...
The first function of management is planning. Planning is a process that managers use to identify and involve goal setting and decide the best way to achieve the goal.(Bartol 2007) Planning connect the gap between where we do, where we intend to go. It predict the possible things to happen which would not otherwise happen (MSG 2012). There are several steps to the planning process, which are determine the goals of the organisation, evaluate the current position, consider possible future conditions, identify possible alternative actions and choose the best. Planning is the criteria thinking through goals and making decision to achieve the goal of the organisation’s objective, which requires a systematic way. Also objectives focus the managers how to achieve the final result as managers have to predict anything will happen, avoid the problem and fight back to competitors. An example of planning, which is the President Canon Inc Tsuneji Uchida and lead Canon Company become the no.1 in the global business (Canon.Inc 2011). Tsuneji Uchida has to understand what is the company objective and goal. First, make decision to protect the position and the aim of canon, improve the operation more diversity. Second, he creates the new design of camera and new technology, he plan to do these things to maximise profit.