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Mgt-330 Week1

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Submitted By buzaco
Words 723
Pages 3
Planning is the first fundamental role of management. Planning is basically identifying goals and objectives and outlining the plan of action to accomplish them. Good planning must occur at all levels of organizations in order for a company to succeed. The goals and objective vary in great degree depending on the level of management and therefore the planning also varies. At my company, bank of America, my mangers planning concentrates on the locals goals and objectives of my branch whereas as the planning of the CEO concentrates on the company as a whole. The planning of the CEO and my manager are completely different yet, they both must ultimately put plans in action that benefit the company and guarantee to he success of the firm. A good plan not only outlines the action to be take to reach a goal, but it also establishes the steps to be taken in case of unforeseen problems or step backs. A good manager must also plan for the unexpected. Organizing is the second fundamental role of management. In order to achieve the goals set forth in the planning stage as mentioned above, management must properly organize the necessary resources that will allow it to accomplish the goals. The resources needed are many and will also depend of the level of management, but in general they can be classified in terms of human (employees), financial (loans, payments, accounting, regulatory), physical (building, material, goods), tactical (planning, resources, information, strategies), etc. etc. My Bank of America manager must carefully organize for example a well trained and flexible workforce that will allow him to server all the daily customers while eliminating the need to pay over time. He must push their employees to higher levels of performance while being mindful to praise them and reward them in order to keep the top performers and letting go of those employees that he

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