List the steps of the management process and give examples for each step.
In its rawest form, management can be delineated as innovative problem solving; which can only be accomplished via the chief utilities of management which are in the stages of planning, organizing, leading and controlling. The projected outcome is to employ organizational resources to achieve their objected mission statement. The typical description is customized to support planning objectives and correspond with their organizing purpose. Leading and controlling can be, and are commonly interchanged. (Bovee, C., Thill, J., Mescon, M., 2007)
A crucial first step in management is the planning process. There are four categories for planning: tactical, strategic, contingency and operational. Planning is the continual development of maturing the objectives and mission statement of a company and formatting how to accomplish that goal. The planning phase comprises the widest-ranging visions of a business as well as the smallest ones. The most universal objective defined in the planning stage is the methods utilized in making money and saving money, such as broadening their products, expanding their fleet and workforce, acquisitions and mergers, being environmentally and socially conservative, etc. (Bovee, C., Thill, J., Mescon, M., 2007)
Founded by Sam Walton in 1962, Wal-Mart is currently the leading private employer in the United States and globally the biggest public corporation by revenue. The Wal-Mart Corporation is made up of Wal-Mart discount stores and supercenters, Sam's Club and Wal-Mart International. Wal-Mart has a variety of numerous planning stages to make certain their achievements of their copious goals are put in movement annually. Upper management attends immense planning meetings and then relays those outcomes to subsequent managers. Middle management implements the strategic stage of the initial plan. (www.corpwatch.org, 2006)
An instance of this planning stage is the method Wal-Mart formulated to warrant multiplicity in management grades. Wal-Mart established an action plan to guarantee diversity. During the planning ...
Very detailed solution of the steps needed in the management process - 1,168 words and 4 references in APA format.
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A crucial first step in management is the planning process. There are four categories for planning: tactical, strategic, contingency and operational. Planning is the continual development of maturing the objectives and mission statement......