Management Planning in Business1.0 Introduction: A current issue in the world of management that has become increasingly problematic over time is the amount of management planning necessary due to the fact that management planning factors have increased over the last decade. According to Pat Moore, "Over the past several years, we have seen the contingency planning process progress from earlier issues focused primarily on information services and data center priorities, to include enterprise-wide issues. as important involving telecommunications, human resources, vital records, risk management, security, environmental concerns, product recovery and the facility itself” (Moore, 1995). It can also be argued that management planning applies to both functional and dysfunctional businesses, but in this report it will discuss the attenuated management state of Temasek Holdings due to lack of management planning in an era of urgent need. Theoretical solutions will then be analyzed and critically evaluated in order to find a logical solution. Implementing management planning in today's businesses is a crucial factor that all businesses in today's society should consider when trying to improve their performance and response times. It can be argued that Temasek Holdings requires a better sense of long and short term planning through the use of contingency plans and scenarios. specifically for the purposes of the report. Contingency planning can be defined as "an activity undertaken to ensure that appropriate and immediate follow-up action will be taken...... middle of document...... P (1985), "Scenarios: Shooting the rapids", Harvard Business Review, November-December. Schermerhorn, Davidson, Poole, Simon, Woods, Chau, Management Foundations & Applications. John Wiley & Sons Australia, May 10. p. 398. PJH Schoemaker, Scenario planning – a tool for strategic thinking, Sloan Management Review 36 (1995), pp. 25-40. Mintzberg, H. (1994). The rise and fall of strategic planning. London: Prentice HallLitschert, RJ (1971) Some Characteristics of Long-Range Planning: An Industrial Study. Academy of Management, 14, 33-43.Harvey, E. (1967) Technology and the structure of organizations. American Sociological Review, Prentice-Hall.Rue, LW Theoretical and operational implications of long-range planning on selected measures of financial performance in American industry. dissertation, Georgia State University, 1973.