GMS 200 Chapter 6: Chapter 6.docx

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

) plans, and short range (<1 yrs. ) plans: strategic plans are broad, comprehensive, long term action directions for the entire organization, tactical plans helps implement all or parts of a strategic plan, vision plans clarifies the purpose, operational plans describes what needs to be done in the short term and in response to different situations, policies broad guidelines for decisions and actions, procedure or rule actions in specific situation, budgets commits resources to projects. Implemented: s. m. a. r. t. goals, specific clearly target key results and outcomes to be accomplished, measurable described so results can be measured without ambiguity, attainable challenging, including a stretch factor that moves toward real gains, yet, realistic and possible to achieve, referred to goals need to be referred to regularly to keep people focused on the task at hand, timely linked to specific timetables and due dates, management by objectives (mbo, structured process, regular communication, jointly set performance objectives, review results accomplished, formal agreement between boss and team: