Thursday, April 4, 2013

Management Planning


Management Planning: WorldCom

University of Phoenix

Management: Theory, Practice, Application

MGT 330

April 15, 2010


Abstract

This paper will evaluate the planning exit of management at WorldCom. This paper will also be analyzing the legal, ethical, and corporate social factors and responsibilities that the corporate officials had to their company and most all important(predicate) to the stakeholders. These factors constantly affect the planning process performed at each level of management. Prime events of poor planning because of the ignoring of legal, social, and ethical issues were the executives hurry at WorldCom.


Management Planning: WorldCom

An organization that ignores to initiate and observe its plans can become disorganized and in the end lose controls of responsibilities throughout the corporation. Legal, ethical, and social issues be responsibilities of an organization that affect every shareholder and employee within a company. These factors have an effect on the planning process execute by every level of management. A main example of poor planning because of the ignoring of legal, ethical, and social issues was because of the corporate officials employed at WorldCom.

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Management at WorldCom had poorly planned the financial internalization of the additional companies that led to the bankruptcy of a successful corporation.

WorldCom began as one of the realize telecommunication companies beginning in 1983, just as quantify passed WorldCom failed to plan the combination of economic features into a single organization. WorldCom went from bulwark Streets prize jewel to Wall Streets failure with companys stock shares emergent from pennies to well over $60 a share (Browning, 1997). The walk out of the company is extremely hard to know where the problem began, but a combination of all levels of management falsifying financial reports and declaring fraudulent stock reports led to the largest bankruptcy in American history. The management officials at WorldCom had legal responsibility to...

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