Management Planning
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- Date Submitted: 04/17/2010 04:53 PM
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Management Planning
Shelley Demyan
*April 5th*, 2010
Adrian L. Wallace
Management Planning
Legal Issues, Ethics, and Corporate Social Responsibility
Factors that Affect Strategic, Tactical, Operational, and Contingency Planning
One factor that affects strategic, tactical, operational, and contingency planning is illegal and ethic violations. Once these allegations are made, the company needs to revisit strategies and come up with a plan to fight these allegations. The second phase would be tactical, what tactics are going to be used and how to implement them. This changes in how you operate, not 100%, but as you could see if found guilty of any wrongdoing, your operations have been altered and need to be restructured. No company can plan for a disaster as the one that faced Arthur Andersen, but contingency plans were in place as to a legal council to brief and research certain violations pertaining to accounting.
Cultural factors can play a part in all phases of planning especially with international companies like Arthur Andersen. In the early 1940’s the firm wanted to improve relations with consumers and businesses overseas, this needed to be done by changing all plans in order to gain the confidence and respect of different cultures. Arthur Andersen did what all organizations do that succeed internationally, that is changes the plans of the organization.
Economic factors can be the most important factor to changing all of an organization’s planning. Whether the world is in a good market or bad, plans need to be changed when this happens. Another factor the economy plays is greed and Arthur Andersen’s demise was greed. This brought down the organization where no planning could save the firm, not even the contingency plan the firm had in place.
Conclusion
Arthur Andersen was a top 5 accounting firm and due to poor management and greed the organization failed. Arthur Andersen basically created the standards of ethics for accounting...
Shelley Demyan
*April 5th*, 2010
Adrian L. Wallace
Management Planning
Legal Issues, Ethics, and Corporate Social Responsibility
Factors that Affect Strategic, Tactical, Operational, and Contingency Planning
One factor that affects strategic, tactical, operational, and contingency planning is illegal and ethic violations. Once these allegations are made, the company needs to revisit strategies and come up with a plan to fight these allegations. The second phase would be tactical, what tactics are going to be used and how to implement them. This changes in how you operate, not 100%, but as you could see if found guilty of any wrongdoing, your operations have been altered and need to be restructured. No company can plan for a disaster as the one that faced Arthur Andersen, but contingency plans were in place as to a legal council to brief and research certain violations pertaining to accounting.
Cultural factors can play a part in all phases of planning especially with international companies like Arthur Andersen. In the early 1940’s the firm wanted to improve relations with consumers and businesses overseas, this needed to be done by changing all plans in order to gain the confidence and respect of different cultures. Arthur Andersen did what all organizations do that succeed internationally, that is changes the plans of the organization.
Economic factors can be the most important factor to changing all of an organization’s planning. Whether the world is in a good market or bad, plans need to be changed when this happens. Another factor the economy plays is greed and Arthur Andersen’s demise was greed. This brought down the organization where no planning could save the firm, not even the contingency plan the firm had in place.
Conclusion
Arthur Andersen was a top 5 accounting firm and due to poor management and greed the organization failed. Arthur Andersen basically created the standards of ethics for accounting...