Team Reflection Summary Essay

Week two gave us an inside look on what the six steps are during the planning process. These steps are situational analysis, alternative goals and plans, goal and plan evaluation, goal and plan selection, implementation, and finally monitor and control. The step that Tina, Joanne, and Chris thought was most important in the planning process was the role of setting up alternative goals and plans. They believe it is always a good idea to have an alternative plan just in case the original plan did not achieve the intended goal. We all were able to agree that having a backup plan was a great way of running a business. Joanne states when opening a new business, using these six steps is very important to help keep you on track and get things done as planned.

When she is ready to open her business she’ll be using these plans before even thinking about opening up. She is looking forward to opening up her own café/bakery in the near future where she hopes to have wonderful, honest people working for her who also strive to succeed.Joanne sees many factors when planning to open a business, especially with the way our economy is going today. So many businesses fail and she wants to make sure that her business is not one of them. Tina, Lynda, and Sherill agreed that monitor and controlling was an important step too, mainly because it is always important to follow up on the plan to see if it was successful. The class as a whole discussed the factors that affected the planning process. You heard quite a few stories where these steps were implemented, and the factors that were faced.

For example, Tina at her workplace deals with lacking necessary resources, which can make it very difficult to achieve any goal. The process is not achieving their goals because they end up not having enough of the materials needed to make the product. Sherill would go on to say that organization structure plays a key role in helping employees work effectively. When there is no structure in a workplace, it can cause many issues and also employees do not work as well as they would if they were in a company that had structure and organization.

Having organizational structure also entails having what is called an organization chart.An organization chart is a diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs. Sherill believes you need an organization chart so that you are aware of who to report to.

Where Sherill is currently employed, has not had anything set up this way in a few years. People are not sure who they are to report to and often report to whoever they feel like. She has seen a few employees leave the company for other jobs because they felt that their job lacked structure and it was difficult for them to work in a place like that. Lynda went on to discuss how she feels with budgeting being a factor in the planning process; it is likely that a plan without a budget established would be at risk of not being successful.Chris also notices in his workplace that budgeting played a huge role and must be focused on.

As long as money is being controlled and resources are within reach, a business can have plans and goals. The control of money and the ability to budget is the glue that holds a business together, even when sales decrease. For instance, you have a short in sales one month, the last thing you want is someone being irresponsible with where money is being spent otherwise you may never recover.

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