Question

How real organisations and managers deal with planning and controlling in practice？（300 words）

Answer 1

Here is how real organisation & managers deal with planning & controlling in practice:

Planning - This is the basic function that needs to be performed by the manager in the right manner. The planning function needs to be dealt in a way that future course of action is known and it helps in deciding the most appropriate course of action for achievements of goals and objectives.

• The ideal planning implementation helps the managers & organisation to deal with what to do when to do and how to do.
• It helps in systematic thinking for the right course of action to achieve the defined goals.
• It helps in proper utilisation of resources.
• It helps the manager to avoid confusion, uncertainties, risks and lapses. It helps in defining clear synergy and coordination.

Here are the initial steps that the ideal organisation & managers must take:

• The external and internal factors of the business: It is important to understand the market and highlight the factors that can make the business successful in its original form.
• SWOT Analysis: It is important to do a Strength- Weakness- Opportunity and Threat analysis of the business. Having a deeper understanding of internal and external factors affecting the business will give clarity and confidence to make it successful.
• Prepare a business model canvas considering all possible expansions plans: it is important to cover all aspects of the business model. There basically 9 elements to create a proper business model canvas: Value Proposition (For the customers), Customer Segments, Channels, Customer Relationships, Revenue Streams, Key Resources, Key partners, key activities and cost structure.

Part B)

Here is how the organisation deal with controlling:

• The controlling function helps a manager to make sure that proper organisation methods are adopted so that organisational goals are achieved.
• It is the interpersonal element of management which helps to influence, guide, supervise, motivate the team members to achieve organisational goals.
• It ensures that the manager supervises the subordinates and make sure with direction, control and watch the tasks are done in the right manner.
• The manager & organisation also has to ensure continuous motivation and leadership in the role. It should be focused on meeting employees needs, understanding their concerns and helping them perform better for overall better results.

This ideal path for controlling measures involves:

• Setting standards for performance
• Measurement of performance with standards
• Finding deviation: Comparison between standards and performance
• And taking corrective action.

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