Management and Organization

RUNNING HEAD: MANAGEMENT AND ORGANIZATION
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Management and
Organization

MANAGEMENT AND ORGANIZATION 1
Executive summary
Planning is the essence of a management. The management of the organization cannot run
without proper planning. Top management plays a vital role in planning the future strategies
of the company in a very effective manner, which results in the success for the company. The
board of member and executive management frame the company’s future strategies in such a
manner, which helps the management in dealing with the various opportunities as well as
constraints that can even hinder the growth of the business and can help the company in
achieving the success. This paper gives knowledge about the planning concept of the top-
level management i.e., the board of directors and executive management.
Table of Contents
Introduction................................................................................................................................3
Critical analysis..........................................................................................................................4

MANAGEMENT AND ORGANIZATION 2
Financial benefits....................................................................................................................4
Guide to organizational activities...........................................................................................4
Competitive advantage...........................................................................................................4
Minimum risk.........................................................................................................................5
Long gestation gap.................................................................................................................5
Optimum utilization of resources...........................................................................................5
Innovative ideas......................................................................................................................6
Diversification........................................................................................................................6
Constraints..................................................................................................................................6
Rigidity 6
Does not work in the dynamic environment...........................................................................7
Reduces the creativity.............................................................................................................7
Time-consuming.....................................................................................................................7
Lack of accuracy.....................................................................................................................8
Interdependence of units.........................................................................................................8
Managerial perception............................................................................................................8
Discuss.......................................................................................................................................9
Conclusion................................................................................................................................10
Bibliography.............................................................................................................................11

MANAGEMENT AND ORGANIZATION 3
Introduction
A director is an individual in the company, who is being appointed by the company’s
‘shareholder to regulate the performance of the companies’ activities and also help in the
planning process of the company. Whereas, the senior manager or the executive management
is responsible for planning and directing the work in the organization. They monitor their
work and take necessary steps as when needed (Steiner, 2010).
Whether a company is a public or the private, planning is one of the main functions in the
management of the organization. Managers and board of directors involve in various types of
planning just to steer the company towards the success and achievement of the goal, which
can give a positive result in the organization. With the understanding of the range of variables
that can result in the effective planning which is involved in the decision process at different
level of the organization (Saaty, 2014).
Strategic planning is very much necessary for the success of the organization. It helps in
reviewing the organizational performance of future and the method to achieve such
performance.
The board of management as well as executive management faces various opportunities and
problems, while planning the future direction of the organization. The roles and responsibility
of the executive management and board of director are to give the information in references
to the development of the business.
 This is the first information particular to the organization and second with regards to the
issues in the external environment.
 They also participate in the development process and,
 Give approval on the strategic plan
 See that proper performance measure exists in order to understand that the plan is
effectively implemented or not.