Week 3 Reflection

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Category: Business and Industry

Date Submitted: 06/22/2013 10:04 AM

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Reflection Summary

Team D

MGT/230

Team reviewed last week’s materials and discussed certain details that interested us in different ways. The topics revolved around internal and external factors that affect the four functions of management and the effects of proper planning. Unfortunately, our team did struggle a bit last week in planning and implementation but because of our return for lack of planning and implementation we believe we will benefit from learning these techniques to advance in future weeks. Some techniques discussed were the basic planning techniques of situational analysis that requires us to gather interpret and summarize the information we have. We discovered the second step in planning and implementing in advancing alternative goals to continue creativity in changing goals when necessary. Third, we should evaluate the advantages and disadvantages of the goals set forth however some plans can be eliminated in goal and planning evaluations. Fourth, we discovered as goal and planning evaluation will help in selecting the path to take goal and plan selection takes place once the pervious techniques have occurred. The fifth step in planning is implementation. Implementation must include the team they used in the planning process and should link to other parts of the organization such as, the revenue cycle and the rewards cycle of an organization. Finally, monitor and, control is the essence in the planning process. To profit from the planning process one must know whether or not the plan is working. These steps used appropriately will affect the four functions of a business management in positive fashion....