GMS 200 Chapter Notes - Chapter 6: Specific Performance, Scenario Planning, Participatory Planning
28 Jun 2018
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GMS Chapter 6 - Planning and Controlling
Planning - is the process of setting objectives and determining how to accomplish
them
Creates a solid platform for the other management functions: leading,
controlling and organizing
Objectives - are specific results that one wishes to achieve
Plan - a statement of intended means for accomplishing objectives
The planning process:
1. Define objectives
2. Determine where you stand vis-à-vis objectives
3. Develop premises regarding future conditions
4. Analyze alternatives and make a plan
5. Implement the plan and evaluate results
Planning benefits:
Improves focus and flexibility
Improves action orientation
oHelps avoid the Complacency trap - being carried along by the flow
of events
oGood planning makes us more results-oriented, priority-oriented,
advantage-oriented and change-oriented
Improves coordination and control
oWithout planning, control lacks objectives and standards for
measuring how well things are going and what could be done to make
them go better
Improves time management
Types of plans used by managers:
Long range and short range plans
oLong range - 3+ years in the future, intermediate range - 1-2 years,
and short range - one year or less
oElliott Jacques - suggested that people vary in their capability to think
with different time horizons (most with 3 month, some with 1 year,
very few with 20 year)
Strategic and tactical plans
oStrategic plan - identifies long term directions for the organization
Vision - clarifies the purpose of the organization and expresses
what it hopes to be in the future
oTactical plan - helps to implement all or parts of a strategic plan
(intermediate term plans that specify how the organizations
resources can be used to put strategies into action)
find more resources at oneclass.com
find more resources at oneclass.com
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GMS 200 Full Course Notes
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Document Summary
Planning - is the process of setting objectives and determining how to accomplish them. Creates a solid platform for the other management functions: leading, controlling and organizing. Objectives - are specific results that one wishes to achieve. Plan - a statement of intended means for accomplishing objectives. The planning process: define objectives, determine where you stand vis- -vis objectives, develop premises regarding future conditions, analyze alternatives and make a plan. Improves action orientation: helps avoid the complacency trap - being carried along by the flow of events, good planning makes us more results-oriented, priority-oriented, advantage-oriented and change-oriented. Improves coordination and control: without planning, control lacks objectives and standards for measuring how well things are going and what could be done to make them go better. Strategic and tactical plans: strategic plan - identifies long term directions for the organization. Production plans, financial plans, facilities plans, logistics plans, marketing plans, and human resource plans.
