Management Planning Process Analysis

Planning is the function of management that involves setting the goals and deciding how to achieve them. It requires that the managers are aware of environmental conditions facing their organization and forecast future conditions. Planning is processed consisting of several steps which include selecting the goals for the organization, establish goals for each division, and establish programs for achieving the goals. (“1.4 Planning, Organizing, Leading, and Controlling,” n.d.)

For example, Mr. Ling Swee Tung the director of the 101 Lighting Trading Company has a goal which is satisfying the needs and wants of the customers in Bintulu, he also to go abroad in person to find the high-quality goods, thus the customers can have more choices and to meet the different levels of customer’s needs.

In the other hand, since the objective, that set by Mr. Ling is increasing the revenue

It is regulating the organization activities so that the actual performance conforms to expect the organization goals and standards. Furthermore, it is consisting four steps, which include establishing standards of performance, measuring the current performance, comparing the actual performance against standards, and the last is taking the corrective action if deviation is detected. It concerns the role of manager in taking the action to ensure that the activities that related to the work of subordinates are consistent with and contributing toward the accomplishment of the organization’s goal.(“1.4 Planning, Organizing, Leading, and Controlling,” n.d.)

The performance standards are usually stated in monetary term like profit, revenue, or cost but can also be stated in other form, such as level of quality or customer service. The measurement of performance can be done by depending on the performance standards such as the customer satisfaction, sales reports, and also financial statements. (“1.4 Planning, Organizing, Leading, and Controlling,”