Planning Functions of Management Essay

WorldCom was a large telecom friendship that rose during mid-nineties up to early 2000s when the ships company encountered some shortcomings which finally led to its crack up. The collapse arouses questions on the provision role of its management. The guidance function basically plans for the companys future based on the expectations of stakeholders. They expect to make higher(prenominal) profits. This critical role may have been avoided by the management in favour of taking out excessive salaries and other benefits for themselves leading to company collapse. Legal issues, ethics and corporate social responsibility have an stupor on management think. Management planning ought to take a sanctioned perspective. For example when the organization collapses, it takes a legal dimension to determine the reverse of management planning. This can lead to long legal battles. Ethically, management planning operates within ethical frameworks. For example it was unethical for WorldCom to loan executives money to purchase shares of the company stock. These could have contributed to the companys collapse. The visitation of corporate social responsibility impacts on the functioning of management planning negatively because it shifts the focus away. Various factors influence the companys strategic, tactical operational and contingency planning. They include legal, ethical and business responsibilities, government law, the entrust for more profit, nature and size of the business, the workforce and size of customers, among others. For example if the behind of the profit is high then the planning ought to be more involving. in that location is also a variation in planning in liaison with the nature of market and the size of the esteemed customers. Also the higher the workforce the more intense is the planning.ReferencesCarol, A., (1993) Three Types of Management Planning Making Organizations Work. Management quarterly, 34Ewing, D. (1969). The Human side of Planning Tool or autocrat? London MacmillanFoley, P., Howes, p. (1993) Strategic Human resource Management An Australian parapraxis study. Human Resource Planning, 16.