need help been working on this for two days my mind is blank. evaluate the planning functions of management as it relates to the organizations goal and stragies for BP
so they want me to do what? that's what I don't get.
The assignment tells you to "evaluate the planning functions of management." What do you think of BPs management and its planning?
I am not so certain that minimizing losses is a goal of management. Normally, maximizing of long term profit (value) is a solid objective. Often, this entails increasing losses.
Other factors include: social goals, making the world a better place, environmental goals, and often these are at odds with maximizing long term profits.
Sure, I'd be happy to help you evaluate the planning functions of management in relation to the goals and strategies of BP. To do this, we need to break it down into smaller steps:
1. Understand the planning functions of management:
The planning functions of management refer to the process of setting objectives, determining actions to achieve those objectives, and developing strategies to guide the organization towards those objectives.
2. Identify BP's goals and strategies:
Start by researching and identifying the goals and strategies of BP. These can typically be found in their official documents such as annual reports, press releases, or strategic plans. Goals can include things like increasing market share, improving profitability, or reducing environmental impact. Strategies can be related to areas such as exploration and production, refining, marketing, or renewable energy.
3. Analyze the alignment:
Once you have a clear understanding of BP's goals and strategies, analyze how the planning functions of management connect with them. Ask yourself questions like:
- Are the objectives set by management aligned with BP's goals?
- Do the determined actions support the strategies outlined by the organization?
- Is there a clear roadmap in place to achieve the goals and strategies of BP?
4. Assess the effectiveness and efficiency:
Evaluate how effective and efficient BP's planning functions of management have been in relation to their goals and strategies. Look for evidence of successful execution of plans, the achievement of desired outcomes, and the efficient use of resources.
5. Consider external factors:
Keep in mind that external factors, such as changes in the market, regulations, or technology, can impact the planning functions of management. Identify any external factors that might have influenced BP's planning, and assess how well management has adapted to those changes.
By following these steps, you should be able to evaluate how the planning functions of management at BP relate to the organization's goals and strategies. Remember to gather relevant information, analyze and critically think about the different aspects, and make logical conclusions based on your findings.