Chapter 3: Planning Technical Activities Flashcards

1
Q

provides a methodological way of achieving desired results.

A

plan

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2
Q

Planning activities undertaken at various levels:

A
  1. ‘Top management level - strategic planning
  2. Middle management level-intermediate planning
  3. Lower management level - operational planning
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3
Q

THE PLANNING PROCESS

A
  1. setting organizational, divisional, or unit goals
  2. developing strategies or tactics to reach those
    goals
  3. determining resources needed and
  4. setting standards.
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4
Q

may be defined as the “precise statement of
results sought, quantified in time and magnitude, where possible.”’

A

Goals

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5
Q

TYPES OF PLANS

A

Functional Area Plans
Plans With Time Horizon
Plans According to Frequency of Use

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6
Q

Types of functional
area plans

A
  1. Marketing plan
  2. Production plan
  3. Financial plan
  4. Human resource management plan
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7
Q

Plans with time horizon consist of the following:

A
  1. Short-range plans
  2. Long-range plans
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8
Q

Plans, according to frequency of use may be classified as

A

l. Standing plans and
2 single-use plans.

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9
Q

Standing plans may be further classified as follows:

A

L Policies
2. Procedures
3 Rules

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10
Q

Single-use plans may be further classified as follows:

A
  1. budgets
  2. programs, and
  3. projects.
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11
Q

PARTS OF THE STRATEGIC PLAN

A
  1. Company or corporate mission
  2. Objccttves or goals
  3. Strategies
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