Management Planning Process Essay
In a for-profit organization, the management planning process involves the setting up of management objectives and goals. It will be largely focused on cost accounting. The business managers and owners have to know their real break-even point. The planning process will veer towards activities that would bring in revenues and that would maximize profits. b. In a nonprofit organization, the management planning process’ focus is more on personnel development, raising funds, and managing volunteers.
The management also has to determine the goals and objectives for a particular period and how these would be met. c. In a product-oriented company, management planning should involve the appropriate processes in producing the goods; determine what regulatory standards are to be met; consider the balance of cost and quality, resources, scope, and time; and know the market for the product and its competitors. d. In a service-oriented company, such as an airline, the management planning process is aimed at keeping the services abreast or ahead with competitors.
The process should take into account similar activities offered by competitors, customer feedback, complaints and suggestions; how to come up with promotional campaigns to drive traffic to the provider; and what new services the company can offer. e. In
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