Mtg330 Planning Function
The Planning Function of Management
MGT/330
April, 2008
Management Planning
The planning function of management provides goals, strategies, direction, and it defines responsibilities in any organization. The types of plans include strategic, operational, tactical, and contingency. Each one of these types allows an organization to have multiple plans to play different roles to achieve an overall common goal. According to Fortune 500, “Entergy has been in their top rankings for the past several years. Entergy constantly exceeds the 10 billion dollar mark in annual revenues.” (Cable News Network, 2008). With revenue of that magnitude, and having an employee base of over 14,000 employees, it is apparent that Entergy’s planning function is one of success.
Entergy’s foundation for strategic planning was created in 1913 by one of the company’s founders, Harvey Couch, during his endeavor into the electrical industry. “Couch’s ultimate goal was to have an integrated......
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Approximate Word Count: 970
Approximate Pages: 4 (250 words per double-spaced page)
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Mtg330 Planning Function
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