Management Functions Planning and Organizing

1. Executive Summary

The focus of this report is on the Australian Wool Industry effectiveness and efficiency of utilizing the most important management functions that are planning and organizing. These two functions are the real key to success for every organization and these functions had enough potential so that the Australian Wool Industry achieved their objectives and aims in acquiring the Australian wool stockpile through effectively utilizing these two functions. In the current market situation, innovation is essential and necessary part of business growth and success. This report also talks about different method and techniques of planning, organizing of the management functions can be used to bring utmost innovation, and growth in the organization operations and this innovation provides competitive advantage to the company over its competitors.

After that, there is a discussion section, in which we commence with the basic definition of planning and organizing, and we further discussed the areas where these two management functions can work well to attain the organization innovative values and practices. In the discussion it has shown that there were numerous learning, and the basic learning was, the organizational innovative practice and values are only possible by implementing proper planning tools and modern techniques of organizing. These two functions can bring remarkable change in the organization and it can bring great support for the organization to attain its business objectives and aims by utilizing all its resources and assets in productive manner and making right decision at the right time. There are following points that show our learning from this report:

1. Make prior planning while utilizing all the available resources and assets in the productive manner

2. Use proper planning tools to make the right decision at the right time to increase the organizational productivity.

3. Australian Wool Industry must organize all its resources in such a way that it must attain the sustainable innovative values and practice in the industry

4. The organization must include proper training of its staff to bring innovative change in the organization

5. The organization must plan proper recruitment and selection plan to hire a productive asset for the organization growth and success

2. Introduction

2.1.1 Purpose

The main purpose of this report is to analyse the management function effect on the organizations in this contemporary situation. In this report, we intend to select two management functions and then we will study the impact of these two functions on a selected organization. The selected management function are