Management Theory & Practice - Final Project

RUNNING HEAD: TOPIC FOT THE FINAL PROJECT 1

Planning and Goal Setting is one of the most important factors for success in business and in

lives. I choose “Planning and Goal Setting” topic for the final project. By setting goals, you get a

clear life direction and get closer to what you want. A goal is like a destination you want to

reach. It tells you which direction to go, so you don’t get lost or run around in circles. Goals are a

necessary tool of life planning. You will be able to focus on what matters, and not be distracted

by what doesn’t. Planning and Goals guide you in the long run and motivate you in the short run.

Reasons for selecting this topic includes many things. Learning more about this topic will be

helpful in how to choose our path in life and be prepared for potential future outcomes. Learning

of setting up goals an individual of an organization should have. Learning the benefits and

limitations of planning. Learning on how managers approach different types of planning in a

certain situation.

If you were going on vacation, you would decide where you're going; how you were getting

there; how long you were staying; and what you would do, once there. In other words, you would

plan your vacation. So, if traveling for vacation requires some set-up and considerations, starting

and running a business also require planning. A business takes time, energy and resources; the

wise thing would be to sit down and determine the most effective ways of how to use your time,

energy and resources – so that your business has the best chance for success.

TOPIC FOR THE FINAL PROJECT 2

Reference

Anthony, Leigh. (n.d.). Planning Process & Goal Setting. Small Business - Chron.com. Retrieved

from http://smallbusiness.chron.com/planning-process-goal-setting-4540.html

Bolanos, C. (2019, October 14). Three Considerations To Set Your Goals Up For Success.

Retrieved from https://www.forbes.com/sites/forbescoachescouncil/2019/10/14/three-

considerations-to-set-your-goals-up-for-success/#f4b2e9f1feb5.

Shan, W. (2017, March 31). Effective Goal Setting: How To Plan The Life You Want. Retrieved

from https://www.lifehack.org/570062/effective-goal-setting-how-plan-the-life-you-want.

Yolande, et al. “Golden Rules of Goal Setting: – Five Rules to Set Yourself Up for Success.”

Five Golden Rules for Successful Goal Setting - from MindTools.com,

https://www.mindtools.com/pages/article/newHTE_90.htm.