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19 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Planning |
logical and systematic approach for formulating objectives, programs, policies, procedures, budgets, rules and regulations and other types of plans |
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Vision |
statement of what you want to do |
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Mission |
statement to achieve your goal. |
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Four Major Factors Summarize the essential nature of planning |
1.Contribution to purpose and objectives
2.Planning as the first basic function
3. Planning as a function of all managers
4. Planning for efficient organization |
CPPPeo |
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Importance of Planning |
1.To offset uncertainty and change (constraints). 2.To focus attention to planned targets. 3. To gain economical and efficient operation. 4. To facilitate control. |
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Plan should be smart |
SIMPLE MEASURABLE ATTAINABLE REALISTIC TIME BOUNDED |
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Kinds of Objectives |
Organizational Objectives Managerial/Departmental Objectives Individual Objectives |
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Organizational Objectives |
general direction and purposes of an organization. |
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Managerial/Departmental Objective |
identify the goals of particular department, or organization segment. |
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Individual Objectives |
personalized objectives. |
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Characteristics of Objectives |
*Must be specific /clear /concise *Must be practical *Must be quantifiable or measureable |
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Types of setting objectives |
Profitability Customer Service Employee-Management Needs And Well Being |
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Corporate Social Responsibility |
is the continuing commitment by business to behave ethically. |
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Unified Framework of Plans |
CEO, VPs MIDDLE MANAGEMENT SUPERVISORY MANAGEMENT |
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Single Use Plans |
1. Program- actual course of action 2. Budget- Plan stated in financial Terms |
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Ongoing Plans |
3. Policy- basic guidelines for action. 4. Procedures- step-by-step directions 5. Rules- specific plans for controlling human behavior. |
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Types of Planning According to Range of Plans |
Short range plans- 6 months to 1 year Long Range Plans- 5 to 20 years |
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How Management Gets Results |
1. Management by Objectives 2. Management by Exceptions 3. Management by Committees 4. Total Quality Management |
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Strategy |
method of shaping a company's future |
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