Planning functions of management - Essay Example

Only on StudentShare

Extract of sample
Planning functions of management

However, Nestle usually plans for some period of time. Three to five years are more typical planning horizons. As one of the most important functions of management, planning process is based on stipulated criteria and procedures which have a great impact on planning processes. Criteria such as reduced cost, improved quality, improved sense of direction, better teamwork, and improved service delivery might be used. The timing of any evaluations should also be considered. In Nestle, the plan involves deciding upon how resources will be used to help the organization achieve its strategic goals. It relies more on past records and involves shorter time periods. Present conditions are usually dominant in the planner's mind when the organization initiates a plan and these may be overstressed. Also, many events are obviously unforeseen, but planning can be aided by techniques giving suggested probabilities of events taking place (Bateman, Snell 2004).
In Nestle, a special attention is given to product quality and product standards. This policy is important because Nestle produces a wide range of food products from coffee, beverages and ice-cram to infant food and pet food. The responsibility of companies in food industry is to analyze social conditions and possible threats of their products for potential consumers. ...
Download paper

Summary

Planning plays one of the most important roles in management determining overall success of the project or performance. Nestle is a leading food company operating on the global scale. In this company, initial planning efforts are top-down so key managers know how the process is to work (www.nestle.com)…
Author : funktracy

Related Essays

Human Resource Management Tasks and Functions
17 pages (4267 words) Essay
Planning Function of Management in an Organization
4 pages (1004 words) Essay
Management Planning
7 pages (1757 words) Case Study
Technology and Management Functions
5 pages (1255 words) Essay
Business planning: task management
12 pages (3012 words) Essay
Functions of Management
3 pages (753 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!