Fannie Mae Management Planning Planning is a management function necessary for the success of any organization. Organizational planning has to include internal and external environments, evaluation of the marketplace, identifying, and analyzing factors that influence planning. Fannie Mae is an organization with a competitive edge in the housing marketplace. Fannie Mae accomplished this through effective planning. Overview of Fannie Mae Fannie Mae is a government-sponsored enterprise (GSE)
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to effectively implement planning, leading, organizing, staffing, and controlling. Each function is as important as the other but with by failing to have a plan it is already understand that you are planning to fail. Managers find themselves planning for all sorts of things and by doing so managers can ensure that he or she is working towards some sort of an organizational goal. There are three main types of plans, operational, tactical and strategic. Each of these types of plans are somewhat of
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functions of management are Planning, Organizing, Leading and Controlling. These functions are “discrete processes and activities that support the production of a business’s product or service” (Introduction to Business, p. 82). Planning looks at the future objectives of the business. By looking at past accomplishments and failures of the company it can set goals to keep the business moving forward. There are four different planning types. Strategic planning takes a look of up to five years
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Management Planning At Boeing The Boeing Corporation is the world largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. Boeing is organize into two business units; Boeing Commercial Airlines and Boeing Defense, Space & Security. They are supported by Boeing Capital Corporation, a global provider of financial solutions, the Shared Service Group, which provides a broad range of services to Boeing Worldwide, and Boeing Engineering
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Decision making is the cornerstone of planning. Procter & Gamble set a goal of doubling its revenues over a 10 year period. The mission outlines the organization’s purpose, premises, values, and directions. Flowing from the mission are parallel streams of goals and plans. Directly following the mission are the strategic goals. These goals and the mission help determine strategic plans. Strategic goals and plans are primary inputs for developing tactical goals. PURPOSES OF GOALS 1ST they
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a situation, determining goals to be pursued, and deciding upon the actions that will be taken to achieve these goals. | |[pic]A. [pic] Planning | | |[pic]B. [pic] Organizing | | |[pic]C. [pic] Leading | | |[pic]D. [pic] Staffing | | | | 2) The four traditional functions of management include planning, organizing, leading, and service. | |[pic]A. [pic] False | | |[pic]B. [pic] True | | | | 3) Building
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the types of plans that most organizations use. An operational plan is one that a manager uses to accomplish his or her job responsibilities. A tactical plan is concerned with what the lower level units within each division must do, how they must do it, and who is in charge at each level. A strategic plan is an outline of steps designed with the goals of the entire organization as a whole in mind, rather than with the goals of specific divisions or departments. Strategic planning begins
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Strategic thinking What is strategic thinking? The term ‘strategic’ has become a much over-used word in business today. You may have observed that the term is increasingly attached to people’s job titles and is used to dignify roles and elevate the status of projects that might otherwise not be regarded as sufficiently important. The dilution of the term strategic is unfortunate because one of the key functions of general managers in all organisations is to engage in strategic thinking
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Management Planning Paper In management, each of the four functions, planning, organizing, leading, and controlling, are crucial to the development of any business. Involving employees in the planning process help them understand the goals of the organization. Planning is analyzing a situation, determining the goals that will be pursued, and deciding in advance the actions needed to pursue the goals. This paper will evaluate the planning function of the Halliburton Company and analyze the impact
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to examine for this particular assignment is Toys “R” Us Corporation. I will evaluate the planning function of the company as well as analyze and provide examples on the influence that legal issues, ethics, and social responsibilities have on the corporation’s management planning. I will also evaluate three factors that affect Toys “R” Us Corporation’s strategic, tactical, operational, and contingency planning. Toys “R” Us is a leading retailer in toys and baby products. Toys “R” Us provides services
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