“Organisations that fail to plan are planning to fail”...

â€Å"Organisations that fail to plan are planning to fail† this quote by Benjamin Franklin can be taken by its literal meaning that failing to plan for different situations that a business may face in its endeavours is basically setting the business and yourself up for failure even before the tasks are undertaken. No person or business accidentally succeeds, there success is a result from constructing and executing their plan. Planning is often called the primary management function as it establishes the basis for all other tasks managers perform both formal and informal. It is primarily concerned with what is to be done and the means of how it is to be performed. The main purpose of planning is that it provides individuals and business with†¦show more content†¦Informal planning not a lot is written down as what is wanted to accomplish is in the heads of a few people and their goals are rarely verbalised. This is contrasted to formal planning where specific goals are defined and written down for an explicit time period whilst also communicated to all organisational members. â€Å"Achieving success in organizations requires both strategy and execution (thinking and doing, long-term-short-term, analysis and implementation), business and technology (making money and delivering products and services), and cognitive as well as emotional abilities (hard and soft side of management; management and leadership).† (Sà ¶derlund, J. 2012). Additionally planning is a direct connexion to strategic management, which is the process, which managers use to form a vision, analyse internal and external environments, plus also selecting a strategy the organisation will use to create value for stakeholders. In turn this leads to strategies or plans for how organisations will do what it’s in business to do, how it will compete successfully, and how it will attract consumers in order to achieve its goals. Both of these management tools help organisations to plan for different situations that may arise from tasks that need to be completed in order for success therefore reducing the rate of failure and risk for the tasks and future tasks. â€Å"Planning identifies values that occur on the landscape, sets goals and objectives toShow MoreRelatedPlanning Methods And Methods Of Planning1692 Words   |  7 PagesI. Planning Introduction: The Definitions Different people have different views on planning. Therefore it is likely that there are a variety of definitions on planning. However people all agree that planning, simply, is a process of setting goals or objectives, outlining the tasks or duties as well as developing strategies, and schedules to reach the aim or goal. However, different authors have given different definitions on planning from time to time. The foremost definitions of planning are asRead MoreAnnotated Bibliography: Plagiarism39529 Words   |  158 Pagescitation 1953). Nicolai Ivanovich Lobachevsky) Most of the steps that we take to advance our understanding are based on previous research. Bernard of Chartres used to compare us to [puny] dwarfs perched on the shoulders of giants. He pointed out that we can see more and further than our predecessors, not because we have keener vision or greater height, but because we are lifted up and borne aloft on their gigantic stature. (John of Salisbury, HYPERLINK http://onlinelibrary.wiley.com.ezproxy.fiu.edu/doi/10