Academic article Essay Example | Topics and Well Written Essays - 3000 words

Academic article - Essay Examplea strategic think may become accidentally successful, but it much more likely to achieve success, and to maintain its profitability, if it has a plan in place. A political party with a strategic plan will know how it has got to current success and thus may be able to continue on this path in the future. This see will consider aspects of good management and planning through the consideration of one of the most successful companies of recent years McDonalds Corporation.A company such as McDonalds, involved in planning first needs to be aw be of what exactly is happening at the given moment in spite of appearance the business, and then needs to be able to extrapolate possible outcomes based upon that awareness. The first premise of planning is having as much knowledge as possible. The eccentric of planning which is now occurring has changed radically from that envisioned in the traditional business model. As John Byrne puts it, gone are the abstract ion, sterility, and top-down arrogance of the old model. (Byrne, 1) at present double-deckers in the most successful corporations (such as McDonalds) are part of a system in which todays gurus of strategy urge companies to democratize the subroutine, and they do this by handing strategic planning over to teams of line and staff managers from different disciplines. (Byrne, 1) Often young, junior managers who are noted for their creative thinking are teamed with near-retirement, senior managers who essentially have nothing to lose and so can tell it like it is. So from the most junior to the most senior manager there is a role, both for planning within their own specific area of the business, but also for constant consideration of how that may effect longer-term and more far-reaching plans.Planning is perhaps the central role of all managers, because all the other functions flow from it and must always consider their relationship to it. A business without a plan has no future, and s o all the other functions will be redundant. Organization