GMS 200 Chapter Notes - Chapter 6: Strategic Planning, Human Resources

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

Document Summary

Describe the types of plans managers use. Identify and describe the various planning tools and techniques. Explain how to implement plans to achieve results. Identify the specific results or desired outcomes that one intends to achieve. Are basic tools that underlie all planning and strategic activities. Serve as the basis for creating policy and evaluating performance. Observable and measurable end result having one or more objectives to be achieved within a more or less fixed timeframe. Can make a big difference in how well management does in pointing people in the right directions and inspiring them to work hard. Set specific goals: in order to be successful in reaching a goal, you need to have a clear picture in your mind as to what you want to achieve. Goals must be referred to regularly (realistic: is one that is within a practical range of achievement, e. g. You cannot expect to increase sales by 20% in two weeks.