GMS 200 Study Guide - Final Guide: Cost Leadership, Cash Flow, Limited Liability Partnership

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Emad Samwel

Document Summary

Planning: the process of setting objectives and determining how to best accomplish them. Objectives: identify the specific results or desired outcomes that one intends to achieve. Plan: a statement of action steps to be taken in order to accomplish the objectives. Define your objectives: identify desired outcomes or results in very specific ways. Determine where you stand vis- -vis objectives: evaluate current accomplishments relative to the desired results. Know where you stand in reaching your objectives" Develop premises regarding future conditions: anticipate future events. Analyze and choose among action alternatives: list and evaluate possible actions. Chose the alter(cid:374)ati(cid:448)e (cid:373)ost likely to a(cid:272)(cid:272)o(cid:373)plish your o(cid:271)je(cid:272)ti(cid:448)es". Implement the plan and evaluate results: take action and carefully measure your progress toward objectives. Process of setting objectives and determining how to accomplish them. Creates a solid platform for the other management functions: organizing, planning, leading, and controlling: two factors walmart primarily gains directions from are: