Question

Planning means identifying goals for future organizational performance and deciding on the tasks and use of resources needed to attain them. In other words, managerial planning defines where the organization wants to be in the future and how to get there. A good example of planning comes from General Electric (GE), where managers have sold divisions such as plastics, insurance, and media to focus company resources on four key business areas: energy, aircraft engines, health care, and financial services. GE used to relocate senior executives every few years to different divisions so that they developed a broad, general expertise. In line with recent strategic refocusing, the company now keeps people in their business units longer so they can gain a deeper understanding of the products and customers within each of the four core businesses.

Writee a paragraph on how to apply this concept at a professional level using any organization as an example.

Answer 1

Amazon demonstrates effective planning by focusing on long-term goals, investing in technology and innovation to enhance the customer experience, and diversifying their business while maintaining core focus.

Step-by-step explanation:

Applying the concept of planning at a professional level can be seen in organizations such as Amazon. Amazon has focused on long-term planning to achieve its goal of becoming the most customer-centric company. In line with their plan, they have consistently invested in technology, infrastructure, and innovation to enhance their delivery capabilities and customer experience. Their strategic planning has allowed them to expand their business into various sectors, such as cloud computing, media streaming, and grocery delivery, while keeping their core focus on e-commerce.