ADM 1300 Chapter Notes - Chapter 6: Specific Performance, Stretch Factor, Participatory Planning

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ADM 1300 Full Course Notes
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Figure 6. 1: when planning is done well it creates a platform for other management functions. It is essential to always be one step ahead of your competition. When planning you should focus on your objectives, and create a plan to follow through: define your objectives - identify desired outcomes or results in very specific ways. Know where you want to go: determine where you stand vis-a-vis objectives - evaluate current accomplishments relative to the desired results, develop premises regarding future conditions - anticipate future events. Generate alternative scenarios for what may happen: analyse alternatives and make a plan - list and evaluate possible actions. Implement the plan and evaluate results - take action and carefully measure your progress toward objectives: priority oriented, action oriented, advantage oriented, changed oriented. Many times planning has to be done during hectic times. Planning has a number of benefits for the organization and individuals.

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