Chapter 6: Planning Flashcards
Benefits of planning and discuss
Provides direction Reduces impact of change Promotes coordination Ensures cohesion Facilitates control
Define Control
Is the process by which management ensures that the actual organisational activities are compatible with the predetermined goals and planninh activities.
Name the cost of planning
Consumes management time
May create rigidity
May replace intuition and creativity
Could cause delay in decision making
Define Goals
Is the desirable state of affairs that an organisation aims to achieve at some point in the future
The nature of goals
Multiple goals
Focus goals
Time period
Publicly stated or not
Importance of goals
Provide guidance and agreement on direction
Resource deployment
Inspire and motivate
Control resources
Criteria for effective goals
S-pecific M-easurable A-ttainable R-elevant T-ime bound
Nature of plans
Blueprint for goal achievement
Consider several alternative plans
External factors
Strengths and weaknesses
Planning context, the parameter within which managers can formulate realistic farming goals and plans
Purpose of the farm
Farms mission statement
Farm’s environment
Values and managers experience
Name the steps in planning process
Establish goals Develop alternative plans Evaluate alternative plans Select a plan Implement the plan Reactive planning
Strategic goals
Vision picture of the future that the farm seeks to create
Mission
What questions does Mission answer
What is the business(product or service)
Who are the customers(markets)
How do you provide your products and services( technology)
What are included in long-term goals
Profitabilty, productivity,competitive position,human resources
Name corporate strategies
Market development
Product development
Concentration growth
Innovation
Business strategies
How best to compete in a particular industry Tactical(functional) goals Tactical plans People anf actions Operational goals Operational plans How to carry out tasks Deal with people and actions
