GMS 200 Chapter 6: Planning Processes and Techniques

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

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. How participation and involvement help build commitments to plans. Higher management levels focus on longer time. Set broad, comprehensive and longer-term action directions for the entire organization. Define what needs to be done in specific functions to implement strategic plans tactic is short plan. Policies: broad guidelines for making decisions and taking action in specific circumstances. Rules/procedures: plans that describe exactly what actions are to be taken in specific situations. Single-use plans that commit resources to activities, projects or programs. Making assumptions about what will happen in the future: qualitative vs. quantitative forecasting. Identifying alternative courses of action that can be implemented if circumstances change. A long-ter(cid:373) (cid:448)ersio(cid:374) of (cid:272)o(cid:374)ti(cid:374)ge(cid:374)(cid:272)(cid:455) pla(cid:374)(cid:374)i(cid:374)g: (cid:862)(cid:449)orst-(cid:272)ase(cid:863) a(cid:374)d (cid:862)(cid:271)est-(cid:272)ase(cid:863) s(cid:272)e(cid:374)arios.