GMS 200 Lecture Notes - Swot Analysis, Plano Real, Participatory Planning

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

Document Summary

Improves focus and flexibility avoids wasting time, takes into account all factors and focus on critical ones, Pareto principle ( 80/20 rule , 20% of the activities you do accounts for 80% of your success), allows systematic resource allocation: minimization of effects of adverse conditions. A vision clarifies the purpose of the organization and expresses what it hopes to be in the future: short be short, preferably one sentence, and as many managers as possible should have input. Chapter notes: planning should focus attention on objectives that identify the specific results or desired outcomes that one intends to achieve. Planning should also create a real plan, a statement of action steps to be taken in order to accomplish the objectives: planning involves five steps: Define your objectives: identify desired outcomes in very specific ways. Determine where you stand vs. objectives: evaluate current accomplishments relative to the desired results know the strengths and weaknesses (swot, bcg, etc. )