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5 Cards in this Set
- Front
- Back
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What is the difference between a plan and a goal?
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A goal is a desired future state that the organization attempts to realize and a plan is a blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals
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What is a mission statement?
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-Broadly states the basic business scope and operations that distinguishes it from similar types of organizations
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What does a mission statement include?
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It may include the market and the customers, some may describe company values, product quality, and attitudes toward employees
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What is a contingency plan?
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Identifies uncontrollable factors and how to minimize the impact of uncontrollable factors
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What is included in a contingency plan?
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Economic Turndowns, Declining Market, Increases in cost of supplies, Techonlogical developments, safety accidents.. Forcast a range of alternative responses to most likely high-impact contingencies.
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