Management and Organizations in a Global Environment: A Report

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MANAGEMENT AND
ORGANISATIONS IN A
GLOBAL ENVIRONMENT

TABLE OF CONTENT
 Introduction
 Miles & Vergen’s landmark study
 Management by objectives
 Contingency factors
 Types of plans
 Conclusion
 References

INTRODUCTION
 This report helps to identify the better goals
planning and management using Miles &
Vergen’s landmark study which divide into
three conditions in context of Common
Wealth Bank of Australia.
 The impacts of MBO (Management by
objectives) will be discussed.
 Apart from this, the contingency factors
which played important role in developing
manager’s influencing approaches will be
explained in this report.

MILES & VERGEN’S LANDMARK
STUDY
 This study is one of the most popular study
when it comes to achieve goal planning and
management in the organization.
 It has following three conditions which are
helpful to the organization.
Achievable
Believable
Conceivabl
e

MANAGEMENT BY OBJECTIVES
 Management by objectives is a strategic
process which increase the quality of their
work and motivate them to improve their
productivity.
 Set goals
Employee
objectives
Performanc
e
Evaluation
Regular
Feedback
Performanc
e
Monitoring
Performanc
e
Appraisals

CONTINGENCY FACTORS
 The following are the contingency factors
which are helpful in order to influence the
manager’s approach to planning:
Goals &
objectives
Regulations
framework
by
government
Scheduling of
the varied
departments
Availability of
the resources
Degree of
environment
al
uncertainty

TYPES OF PLANS
 The following are the three types of plans:
Tactical plansOperational planStrategic plans

CONCLUSION
 Miles & Vergen’s landmark study has been
discussed in order to ahcieve the planning
and management of the goal/objectives of
the company in the context of Common
wealth bank of Australia.
 Various types of plan and contingency factors
has been explained in the report.
 MBO concept has been discussed in order to
achieving successful planning and
management of goals.

REFERENCES
 Kerzner, H., &Kerzner, H. R. (2017). Project
management: a systems approach to
planning, scheduling, and controlling. John
Wiley & Sons.