2nd Test Flashcards

0
Q

Benefits of planning

A

Persistence Direction Motivation Creation of task strategies

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1
Q

Steps to rational decision making

A
  1. Define the problem 2. Identify decision criteria 3. Weight the criteria 4. Generate alternative courses of action 5. Evaluate each alternative 6. Compute the optimal decision
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2
Q

Pitfalls of planning

A

False sense of certainty Not adapting & Detachment of planners

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3
Q

Set goals S.M.A.R.T

A

Specific, Measurable, Attainable, Timely

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4
Q

Developing effective action plans

A

-how -who - with what - when

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5
Q

Tracking progress

A

-set -gather and provide -proximal goals -performance feedback - distal goals

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6
Q

Strategic plans

A

Clarify how the company will serve customers and position itself against competitors

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7
Q

Vision

A

An inspirational statement of an organization purpose

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8
Q

Mission

A

Over all goal that unifies efforts towards its vision stretches and challenges and possesses a finish line and time frame flows from vision

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9
Q

Bending in the middle

A

Tactical plan: how a company will use resources budgets and people to accomplish goals within its mission (6 month to 2 years)

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10
Q

MBO

A

Is a four step process

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11
Q

Operational plans

A

Are day to day plans for producing or delivering products and services over a 30 day to six month period

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12
Q

Using groups to improve decision making

A

Structured conflict, nominal group technique, Delphi technique, stepladder technique, electronic brainstorming

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13
Q

Delphi technique

A

Es la que consulta con un experto

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14
Q

Stepladder technique

A

Donde una persona le lleva la contraria a todos

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15
Q

Situation analysis

A

S.W.O.T

Strengths, Weakness, Opportunities, Threats

16
Q

BCG

A

Para saber si mi mercado es de alto crecimiento