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ManT3-Ch10

Planning

QuestionAnswer
planning setting objectives and determining how to accomplish them
plan statement of intended means for accomplishing objectives
5 step Planning Process 1.Define objectives 2.determine where you stand considering objective 3.Develop premises regarding future conditions 4.analyze alternatives and make a plan 5.implement the plan and evaluate results
Good planning helps make us priority, action, advantage, change oriented
Benefits of Planning Improves focus and flexibility, Action orientation, coordination and control
Complacency Trap being carried along by the flow of events
strategic plan long term direction for the organization
vision clarifies the purpose of the organization and what it hopes to be in the future
tactical plan helps to implement all or parts of a strategic plan
functional plans indicate how different operations within the organization will help advance the overall strategy
operational plan short-term activities to implement strategic plan
policy standing plan the shows broad guidelines for decisions and actions
procedure or rule precisely describes actions that are to be taken in specific situations
budget plan that commits resources to projects or activities
zero-based budget allocates resources as if each budget were brand new
forecasting predictions of the future
contingency planning identifies alternative courses of action to take when things go wrong
scenario planning alternative future scenerios and makes plans to deal with each
benchmarking external and internal comparisons to plan for future improvements
best practices things people do that lead to superior performance
Goals should be Specific, Timely, Measurable, Challenging, Attainable
MBO Management by Objective-process of joint objective setting between and superior and subordinate
improvement objectives intentions for performance improvements
personal development objectives personal growth through knowledge and skills
participatory planning persons affected by plans and those who will implement them
Created by: gwellnvrmind