Planning
Planning is the first tool of the four functions in the management process. The difference between a successful and unsuccessful manager lies within the planning procedure. Planning is the logical thinking through goals and making the decision as to what needs to be accomplished in order to reach the organizations’ objectives. Managers use this process to plan for the future, like a blueprint to foresee problems, decide on the actions to evade difficult issues and to beat the competition. (Bateman, Snell, 2007). Planning is the first step in management and is essential as it facilitates control, valuable in decision making and in the avoidance of business ruin.
Wyeth has a global vision to lead the way to better health. Employees at Wyeth are committed to excellence and through Wyeth’ s clearly written Mission and Vision Statement, Wyeth must live by its values which clarify the company’s objectives and goals. Quality in the results that are achieved and how the results are reached doing what is right, respect for others, value those that lead and take pride in all they do, and the value of teamwork to reach common goals. The continuous use of a plan is imperative as Wyeth has divisions throughout the world. Planning allows Wyeth to be at the top of the pharmaceutical industry and a healthcare leader
Bateman, T. S. & Snell, S. (2007). Management: Leading and Collaborating in a Competitive World (7th ed., pp. 16 -18). McGraw - Hill.
Bateman, T.S. & Snell, S. (2004). Management: The New Competitive Landscape, (6th ed., pp.13). McGraw – Hill
Allen, G. (1998). In Supervision. Retrieved May 27, 2007, from http://ollie.dcccd.edu/mgmt1374/contents.html
The Planning Functions of Management
"Leaders are proactive. They make change happen ...