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23 Cards in this Set
- Front
- Back
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Planning
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the process of setting performance objectives and determining how to get them done.
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Planning Process Steps
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Define objectives,
compare current to objectives, Compare future alternatives, Analyze Alternatives/Make Plan, Implement and Evaluate |
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4 Components of good Planning
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Action Oriented,
Priority Oriented, Advantage Oriented, Change Oriented |
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What are 2 key issues in planning? (Big Rock Video)
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1. Priorities are key in planning
2. Must start with most important stuff in first. |
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Which below would you say is
A benefit of an objective hierarchy? Aligns individual & org. efforts Insures follow through Links people & systems together Makes control much easier All of the above |
ALL OF THE ABOVE
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What is the typical range of time for long term plans?
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3+ years
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What is the typical range of time for short term plans?
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3 months
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Strategic Plan
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identifies long-term directions for the organization
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Hierarchy of Objectives
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lower-level objectives help to accomplish higher-level ones
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Operation plan or Tactical plan
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sets out ways to implement a strategic plan
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Examples of Operational Plan
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Financial,
Marketing, Production |
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Examples of Tactical Plan
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Facilities,
Human Resources |
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Policy
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a standing plan that communicates broad guidelines for decisions and action.
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Procedure
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a procedure or rule precisely describes actions to take in specific situations
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Budget
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a plan that commits resources to projects or activities.
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What are the Big Six Planning Tools?
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Forecasting,
Contingency, Scenario, Benchmarking, Participatory, Goal Setting |
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*Forecasting
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Using statistical tools and intuition based on experience to predict a future state
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*Contingency Planning
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Identifying actions to take when a strategic or tactical plan goes wrong.
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*Scenario Planning
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Considering future scenarios and developing plans to adress those issues
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*Benchmarking
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Comparing your company to outside organizations both in your industry and in other businesses.
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*Participatory Planning
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Including those implemented and/or who will implement your plan in the process.
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*Goal Setting
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Developing clear quantified measures that guides an organization's and the individual's work.
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*Examples of Goal Setting
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Specific,
Challenging, Timely, Measurable, Attainable |
