GMS 200 Chapter 6: Chapter 6.docx

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

Document Summary

A statement of action steps to be taken in order to accomplish the objectives: planning to set the direction. Decide how best to go about it: organizing to create structures, leading to inspire effort, controlling to ensure results. Take corrective action: the planning process, define your objectives, determine where you stand. Identify desired outcomes or results in very specific ways. Evaluate current accomplishments relative to the desired results know where you stand in reaching the objectives: develop premises regarding future conditions. Anticipate future events: analyze alternatives and make a plan (choose among action alternatives) List and evaluate possible actions choose the alternative most likely to accomplish your objectives: implement the plan and evaluate results. Take action and carefully measure your progress toward objectives: benefits of planning: Production plans dealing with work methods and technologies. Financial plans dealing with money and capital investments. Facilities plans dealing with facilities and work layouts. Marketing plans dealing with selling and distributing goods or services.