Management Planning Paper

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Submitted by to the category Business and Industry on 05/28/2010 03:37 PM

Management Planning Paper

According to Urwick, “Planning is a mental predisposition to do things in orderly way, to think before acting and to act in the light of facts rather than guesses”. Planning is deciding best alternative among others to perform different managerial functions in order to achieve predetermined goals. Koontz & O’Donell described planning as to decide in advance what to do, how to do and who is to do it. “Planning bridges the gap between where we are to, where we want to go. It makes possible things to occur which would not otherwise occur”. The organization that I would like to mention is called the National Council on Compensation Insurance, Inc. (NCCI), based in Boca Raton, FL.

NCCI manages the nation’s largest database of workers compensation insurance information; it analyzes industry trends, prepares workers compensation insurance rate recommendations, determines the cost of proposed legislation, and provides a variety of services and tools to maintain a healthy workers compensation system. NCCI's management planning affects every aspect of the business from employees to community. Management planning includes identifying what goals the company wants to accomplish. Legal issues, ethics and corporate social responsibility can affect management decisions. Many external or internal influences may affect the way NCCI does business; but applying NCCI's strategic, tactical, operational and contingency plans will help manage these outside and inside influences without disrupting the ongoing success of the organization. NCCI believes that community, Employees, practices, environment, customers, growth, teamwork, operational excellence and financial strength can help them in the success of the company.

NCCI understands its stakeholders need and by providing their needs and giving them the performance they expect will give greater value to NCCI; as such, the organization always make the customers’ request work within the company standards...

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