MGT/230 Week 3 Presentation
Week 3 Team Reflection Summary
MGT/230
Week two gave us an inside look on what the six steps are during the planning process. These steps are situational analysis, alternative goals and plans, goal and plan evaluation, goal and plan selection, implementation, and finally monitor and control. The step that Tina, Joanne, and Chris thought was most important in the planning process was the role of setting up alternative goals and plans. They believe it is always a good idea to have an alternative plan just in case the original plan did not achieve the intended goal. We all were able to agree that having a backup plan was a great way of running a business. Joanne states when opening a new business, using these six steps is very important to help keep you on track and get things done as planned. When she is ready to open her business she’ll be using these plans before even thinking about opening up. She is looking forward to opening up her own café/bakery in the near future where she hopes to have wonderful, honest people working for her who also strive to succeed. Joanne sees many factors when planning to open a business, especially with the way our economy is going today. So many businesses fail and she wants to make sure that her business is not one of them. Tina, Lynda, and Sherill agreed that monitor and controlling was an important step too, mainly because it is always important to follow up on the plan to see if it was successful. The class as a whole discussed the factors that affected the planning process. You heard quite a few stories where these steps were implemented, and the factors that were faced. For example, Tina at her workplace deals with lacking necessary resources, which can make it very difficult to achieve any goal. The process is not achieving their goals because they end up not having enough of the materials needed to make the product. Sherill would go on to say that organization structure plays a key role in
MGT/230
Week two gave us an inside look on what the six steps are during the planning process. These steps are situational analysis, alternative goals and plans, goal and plan evaluation, goal and plan selection, implementation, and finally monitor and control. The step that Tina, Joanne, and Chris thought was most important in the planning process was the role of setting up alternative goals and plans. They believe it is always a good idea to have an alternative plan just in case the original plan did not achieve the intended goal. We all were able to agree that having a backup plan was a great way of running a business. Joanne states when opening a new business, using these six steps is very important to help keep you on track and get things done as planned. When she is ready to open her business she’ll be using these plans before even thinking about opening up. She is looking forward to opening up her own café/bakery in the near future where she hopes to have wonderful, honest people working for her who also strive to succeed. Joanne sees many factors when planning to open a business, especially with the way our economy is going today. So many businesses fail and she wants to make sure that her business is not one of them. Tina, Lynda, and Sherill agreed that monitor and controlling was an important step too, mainly because it is always important to follow up on the plan to see if it was successful. The class as a whole discussed the factors that affected the planning process. You heard quite a few stories where these steps were implemented, and the factors that were faced. For example, Tina at her workplace deals with lacking necessary resources, which can make it very difficult to achieve any goal. The process is not achieving their goals because they end up not having enough of the materials needed to make the product. Sherill would go on to say that organization structure plays a key role in