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management activities

planning clearly setting out goals for an organisation and how these goals are to be achieved
stages in planning process step 1: analye situation -> where are we now? step 2: identify goal -> where do we want to go? step 3: draft a plan -> how will we get there? step 4: implement plan and review -> break plan into manageable steps and review progress.
S.W.O.T analysis management technique used to assess a business in terms of its strengths, weaknesses, opportunities and threats
S.W.O.T analysis S-strengths:what the firm is good at doing. W-weaknesses:what the firm is bad at doing O-opportunities:possibility of expansion T-threats: external threats which the firm faces
Mission statements short but precise one or two sentence statements used to summarise, "who we are, what we do, and where were headed"
Strategic plan long term plan for the busnes- covers 5+ years
tactical plan breaks down strategic plan into manageable steps.-one or two year periods
operational plan short term plans that set targets for weeks or months ahead
contingency plan special plans prepared to cope with unexpected circumstances or emergencies
Created by: c.murphy
Popular Management sets




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