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I will define these fundamental practices and discuss how each relates to my organization.
Once the company goal is clearly communicated to the manager, a plan must be developed to achieve the goal in the most efficient and effective manner. According to Bateman-Snell's Management: The New Competitive Landscape, "Planning is specifying the goals to be achieved and deciding in advance the appropriate actions needed to achieve those goals". (15) This is the most critical and time-consuming part of management in my organization. We spend weeks at the beginning of each year preparing our budget and planning how we are going to meet the expectations of the company in the years to come...
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