MAN 3025 Study Guide - Midterm Guide: Dynamic Capabilities, Middle Management, Business Plan
12 Dec 2017
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Principles of management exam #2: chapters 5 10. What is it: defined as setting goals and deciding how to achieve them, coping with uncertainty by formulating future courses of action to achieve specified results, document that outlines how goals are going to be met. Link to strategic management: a process that involves manager from all parts of the organization in the formulation and the implementation of strategies and strategic goals. Action plan: the course of action needed to achieve a stated goal. Operating plan: pla(cid:374) that (cid:862)(cid:271)reaks lo(cid:374)g ter(cid:373) output i(cid:374)to short ter(cid:373) targets. In other words, turns strategic plans into actionable short term goals or action plans. 24 months: operational planning, first line management determine how to accomplish specific tasks with available resources with 1 52 weeks. Linke between level of management, type of goals, and impact on planning. The two planning steps: make the plane carry out the plan .
