Management free essay sample

The New Capitalism In the historical development of the united states its economic system has evolved from pure capitalism to mixed capitalism. During the colonial period pure capitalism. During the colonial period pure capitalism functioned through the cottage industry. As an independent business person each cottage controlled the factors of production and took the risk of producing the products for sale at the market place. What ever resources were used in the production of product6s came from the land. Labor was supplied by the family. Tools and equipment were also part of the capital resources of the cottage environment. With the advent of the industrial revolution. Pure capitalism began to change, eventually to disappear. Now there is evidence of a rebirth in Hong Kong and the United states. in the face of the rabidly changing world a from of almost pure capitalism has emerged. The British colony of Hong Kong is a thriving cottage industry. Planning is the foundation pillar of management. It is the base upon which all other areas of management are built. Planning requires administration to assess where the company presently is and where it would be in the coming years. From there, an appropriate course of action is determined and implemented to attain the companys goals and objectives. Planning is an unending course of action. There may be sudden strategies required to be implemented during a crisis. There are external factors that constantly affect a company, both positively and negatively. Depending on the conditions, a company may have to alter its course of action regarding certain goals. This kind of preparation or arrangement is known as strategic planning. In strategic planning, management analyzes internal and external tactors that may affect the company, its objectives and goals. One of the primary tools of strategic planning is the use of SWOT Analysis, a technique that helps organizations find their strengths and weaknesses, identify areas of opportunity and take preventive measures against threats arising from both internal and external environmental factors.