List the steps of the management process and give examples for each step.© BrainMass Inc. brainmass.com October 25, 2018, 3:15 am ad1c9bdddf
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 ...
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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......
Escalation & Fairness & Research Design
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Research Case Analysis
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Analyze a recent published business research study (of your choice) selected from the academic literature. Your comprehensive analysis should be framed against all steps suggested in the Sekaran (2003) process and founded on the skills developed in previous assignments.
The specific study you select to analyze for this assignment should have between 15-25 pages in length and contain the basic components of a formal research project (a literature review, statement of the problem, hypothesis or hypotheses, data collected and analyzed to test the stated hypothesis, etc.) preferably of a business related topic. The study can be quantitative, qualitative or mixed. Remember to include the source of the study as one of the citation in your fully APA formatted references section.
**Steps of the Sekaran (2003) Research Process
2. Preliminary Data Gathering
3. Problem Definition
4. Theoretical Framework
5. Generation of Hypotheses
6. Scientific Research Design
7. Data Collection Analysis and Interpretation