GMS 200 Lecture Notes - Lecture 6: Scenario Planning, Project Management, Participatory Planning

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Bamidele Adekunle

Document Summary

The process of setting objectives and determining how to best accomplish them. Identify the specific results or desired outcomes that one intends to achieve. A statement of action steps to be taken in order to accomplish the objectives. Short-range plans = 1 year or less. People vary in their capability to deal effectively with different time horizons. Higher management levels focus on longer time horizons. Strategic plans set broad, comprehensive, and longer- term actions direction for the entire organization. Operational plans define what needs to be done in specific areas to implement strategic plans. Policies and procedures are designed for repeated use. Broad guidelines for making decisions and taking action in specific circumstances. Plans that describe exactly what actions are to be taken in specific situations. Only used once to meet the needs and objectives of a well-defined situation in a timely manner. Single-use plans that commit resources to activities, projects, or programs.