Evolution of strategy Coursework Example | Topics and Well Written Essays - 750 words

Evolution of strategy - Coursework Example 36). It also involves the creation of a plan that details the actions, which need to be undertaken in order to achieve the organizations goals. The plan will act as the road map that outlines the actions of the organization, which must be undertaken for its objectives to be met. Planning is therefore an important function in management as it seeks to ensure that the organizations goals and objectives are implemented. This function is not restricted to the management of organizations only, as it also proves beneficial in the management of different aspects of an individual’s life. Explored below are concepts linked to management in relation to my pursuit of my academic diploma. Planning as a function necessitates the identification of detailed objectives. Goal setting is a complex process, and requires the individual or organization to set SMART objectives. SMART goals are specific in nature, measurable, realistic, and attainable within a specific timeframe. The latter is of importance in my pursuit of the Management diploma, as it helps me distinguish between short and long-term goals. For example, successfully completing this semester’s coursework is my short-term goal, which will in turn help me accomplish my long-term goal; graduating with my diploma. Planning enables me to structure my reading schedule based on the immediacy of my goals. John Locke the seventieth century philosopher was of the opinion that those who have been charged with the responsibility of managing are bound by a â€Å"social contract† since the many have given up rights and privileges in order to let them lead (Yolton, 1998, pp. 191-7). The same concept applies in management planning where management decisions when ‘in developing systems for your people (employees) to use you are touching lives† (Belke & McCormick, 2012, p. 225). Based on Locke’s supposition, I am accountable for managing my