Chapter 3: Planning Technical Activities Flashcards
Is the output of planning
Plan
provides a methodical way of achieving desired results
Plan
serves as a useful guide
Plan
the management function that involves anticipating future trends and determining the best strategies and tactics to achieve organizational objectives
Planning (Nickels)
The selection and sequential ordering of tasks to required to achieve and organizational goal
Planning (Aldag and Steams)
Deciding what will be done, who will do it, where, when and how it will be done, and the standards to which it will be done
Planning (Cole and Hamilton)
Selecting the best course of action so that the desired result may be achieved
Planning
The _______ takes first priority and the ________ chosen is the means to realize the goal.
desired result; course of action
Management Levels
Top Management Level
Middle Management Level
Lower Management Level
Planning horizons
Strategic Planning
Intermediate Planning
Operational Planning
Management level that deals with Strategic planning
Top management level
Management level that deals with
Intermediate planning
Middle management level
Management level that deals with
Operational planning
Lower management level
process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals
Strategic Planning
In strategic planning, the whole company is considered, specifically its _______
objectives and current resources
Output of strategic planning
Strategic plan
The decision about long range goals and the course of action to achieve these goals
Strategic plan
refers to the process of determining the contributions that subunits can make with allocated resources
Intermediate planning
the process of determining how specific tasks can best be accomplished on time with available resources
Operational Planning
The planning process
- setting organizational, divisional, or unit goals
- developing strategies or tactics to reach those goals
- determining resources needed
- setting standards
The first task of the engineer manager is to provide a ______
sense of direction
precise statement of results sought, quantified in time and magnitude, where possible
Goals
Organizational levels
Company
Division
Unit
Ways to realize goals
strategies
A course of action aimed at ensuring that the organization will achieve its objectives
Strategy
Is a short term action taken by management to adjust to negative internal or external influences
Tactic
The decision about short term goals and the courses of action are indicated in the _______
Tactical Plan
To satisfy strategic requirements, a general statement of needed _______ will suffice
resources
a quantitative or qualitative measuring device designed to help monitor the performances of people, capital goods, or processes
Standard
Types of Plans
Functional Areas
Time Horizon
Frequency of Use
Types of Functional Area Plans
Marketing Plan
Production Plan
Financial Plan
Human Resources Management Plan
the written document or blueprint for implementing and controlling and organization’s marketing activities
Marketing Plan
a written document that states the quantity of output a company must produce in broad terms and by product family
Production Plan
a document that summarizes the current financial situation of the firm, analyzes financial needs, and recommends a direction for financial activities
Financial Plan
a document that indicates the human resource needs of a company detailed in terms of quantity and quality
Human resource management plan
Plans with time horizons
Short-range plans
Long-range plans
are plans intended to cover a period of less than one year
Short-range plans
are plans covering a time span of more than one year
Long-range plans
Plans according to frequency of use
Standing Plans
Single-Use Plans
are plans that are used again and again
Standing Plans
Classification of standing plans
Policies
Procedures
Rules
are broad guidelines to aid managers at every level in making decisions about recurring situations or function
Policies
are plans that describe the exact series of actions to be taken in a given situation
Procedures
they are statements that either require or forbid a certain action
Rules
Are plans that are specifically developed to implement courses of action that are relatively unique and are unlikely to be repeated
Single-Use Plans
Classification of Single-use plans
budgets
programs
projects
a plan which sets forth the projected expenditure for a certain activity and explains where the required funds will come from
Budget
single-use plan designed to coordinate a large set of activities
Program
is a single-use plan that is usually more limited in scope than a program and is sometimes prepared to support a program
Project
Contents of the Marketing Plan
- Executive Summary
- Table of Contents
- Situational Analysis and Target Market
- Objectives and Goals
- Marketing Strategies
- Marketing Tactics
- Schedules and Budgets
- Financial Data and Control
Contents of the Production Plan
- amount of capacity the company must have
- how many employees are required
- how much material must be purchased
Contents of the Financial Plan
- analysis of the firm’s current financial condition
- sales forecast
- capital budget
- cash budget
- pro forma financial statements
- external financing plan
Contents of the Human Resources Plan
- personnel requirements
- plans for recruitment and selection
- training plan
- retirement plan
Parts of the strategic plan
- Company or Corporate mission
- Objectives or goals
- Strategies