MANAGERIAL PLANNING DISCUSSION

Marvis Nicholson

Managerial Planning

What are the types of plans? How are they distinguished from one another? Do you think plans with incremental objectives are more effective than those that contain stretch goals? Why or why not? What role should ethics play with strategic planning? Support your opinion with outside resources.

Guided Response: Respond to at least two of your classmates’ posts. Analyze their discussions by agreeing, disagreeing, or adding other ideas to strengthen the perspective presented in their initial post

The task for this assignment is to discuss managerial planning.  Managerial planning can be strategic, tactical, operational or contingent. There are defined aspects to each type of planning. Strategic plans are normally created by your top level of management. The plans show and outline when the long term goals of the business or organization will be for the company. There are the goals for the next three, five and ten years. This is the plan that the lower managers will work to achieve. The tactical planning is used to support the implementation of the strategic plans (Mumford, 2000) . These plans are focused on the accountability and functionality of the people who manage the lower levels. The tactical planning works more on the testing of new processes and the like. Tactical planners create specific calculations that take less time that the strategic planning. Operational planning is the basic level of planning. These are outlines and implemented by the lower levels of management or what some people refer to as frontline management (Mumford, 2000). This planning is focused on procedure and processes. Management is responsible for planning what employees do on a routine basis. The contingency plan is a plan is a plan in in the event that the initial plan fall through or needs to be adjusted.

How are they distinguished from one another?

The plans are distinguished from one another because different levels of management are responsible for putting these plans into action. There are responsible for creating the structure for these plans and putting them into motion.

Do you think plans with incremental objectives are more effective than those that contain stretch goals?

I do feel that incremental objectives re more effective because it allows for small achievements to be recognized. These small achievements assist in keeping people motivated because there are tangible goals being met and recognized. In my opinion, stretch goals can allow people to become discouraged because they do not see change occurring fast enough.

What role should ethics play with strategic planning?

The role of ethics in planning in the set of values, and principles for the organization (Kawaowo, 2017). Ethics being observed helps produces sound business practices that affect customer loyalty.

Akwaowo, Jackson (2017) “Ethics and Strategic Planning” Academia.edu (Links to an external site.)Links to an external site. 2017, Retrieved August 28, 2017

Mumford (Links to an external site.)Links to an external site., M. D.  (2000) “Managing creative people: Strategies and tactics for Innovation (Links to an external site.)Links to an external site.,”  Human Resources Management Review, 2000.  Retrieved August 28, 2017