Management Planning at World Com

IntroductionThe attach to was formed in the US in 1983. The friendship became quoted in the stock exchange in 1989. The companys growth was in the first place by acquisition, in 1999 it acquired MCI to turn over one of the biggest communication giants in the initiation. Bernard Ebbers become the companys chief executive in 1985. In 1998, the telecommunication industry in the US was in the decline performance commensurate Mr. Ebbers was ousted, from the position in 2001.Between 1999 and 2002 ground com was touch in a serial of fraudulent accounting practices in order for the company to portray profitableness whereas the telecommunication industry was performing poorly. The directors carried out this activities so as to keep an eye on the high share price of the company in which they held many shares. The indispensable audit department at reality com uncovered the more than $3.8 gazillion fraud, and alerted its main external auditors who were KPMG. Subsequently in July 2 002 the company filled for bankruptcy. However, the company emerged from bankruptcy in 2004 . training function at conception ComPlanning involves evaluating the impact of sit decisions on the future. The other managerial functions are carried out only after(prenominal) mean function has been carried out. Planning is relevant to all managerial levels. Planning involves coming up with the vision mission, objectives and goals. A vision communicates where the firm should be in 5- 10 years time while the mission is the rule for business existence objectives on the other hand convert the mission, into achievable tasks.Goals used to further express the objectives. The goals in order to be unobjectionable should be SMART that is they should be specific, should be measurable, should be attainable they should be rewarding and should be timely. World com has developed tactics which describe how, who, what and when activities allow for occur to enable the goals to be accomplished.World com carries out strategic cooking. strategic planning helps the firm know where it is now, where it wants to be and how it allow get there.Impact of effectual l issues on Management PlanningWorld com has been unable to efficiently plan its operations. This is because strategic planning process requires a lot of resources. . In 2002 the company was involved in a number of accounting s hobodals. This made it file for bankruptcy. The company had to kick in more than $750 million, to the authorities to compensate investors. The legal issues have abnormal world com since it can no longer attract competent managers, who can effectively and efficiently handle watchfulness planning at world com. Ghallab 2004In 2004, the company was able to come from bankruptcy but unperturbed it could not carry out management planning effectively. World com had to pay its previous bond holders the value of their bonds, this payments affected the operations of the company. World com in any case face d a number of contingent liabilities since it had very many suits pending in court this meant that the management at world com could not be able to effectively carry out management planningIMPACT OF ETHICS ON MANAGEMENT PLANNINGEthics refer to ethical principles and moral that can suffice in corporate set up. In world com a number of wrong practices have occurred. Since companies aim at maximizing shareholders wealth, but at world com study corporate governance lapses have occurred in that, the directors art world com, contracted on improving their persona interests making the shareholders incur major losses. In world com, directors were not able to follow the prescribed canon of corporate governance leading to major losses in the boldness, and so the management was not able to carry out management planningIMPACT OF collective SOCIAL RESPONSIBILITY AT WORLD COMCorporate complaisant obligation refers to the organization looking at the interests of other stakeholders. It invol ves the organization, caring for the community are large. World com was not a good corporate citizen since it did not look at the affairs of stakeholders like the government, shareholders and the general public. A company which manages effectively its social duty programs enjoys a good corporate image in the eye of the community. World com lacks the effective resources to carry out sound social responsibility programs and this affects the management planning process, since, the objective set in the social responsibility department will not be met. World com had too ofttimes power that the directors could control the share prices at the stock exchange.FACTROR S THAT IFLUENCE lodgeS STATEGIC TACTICAL, OPERATIONAL AND CONTIGENCY PLANNING1. The size of the organization organizations which are large in size are able to carry out effective strategic planning like world com was able to carry out management planning to cover more 7 years.2. The government policy Organizations will have t o carry out management planning with the laws of the land in mind.3. The Resources available Companies with a lot of resources like world com are able to carry out effective social responsibility programs.Erven 2005cambell 1990ReferencesCampbell M1990planning universal processLondon praeger greenwoodGhallab m paolo T 2004Automated planningnew york elsevier