Chp 8 Flashcards
What is planning
A business setting down specific goals and objectives and outlining strategies that allows it to achieve them
What is organisation
Arranging the resources of a business int can organised structure in order to achieve its objectives
Image: Organisation
What is manpower planning
Development of strategies to match the supply of workers to the availability of jobs at organisational, regional or national levels
Whats operTional planning
Day to day stuff e.g Staff Roster
What Contingency Planning
Planning for unexpected or unforeseen circumstances
What is tactical planning
more specific, shorter-term planning that derive from the strategic plan
Whats a mission statement
a statement of the organization’s purpose and its values
Whats strategic planning
Planning by senior management of long-term goals from the mission statement
The principles of a good plan
Specific
Measurable
Agreed/ Achievable
Realistic
Time bound
Benefits of planning
- Provides a focus
- Reduces uncertainty
- Attracts investors
- Aids performance assessment
Functional Structure
People with similar occupational specialties are put together in formal groups
Benwfits of a functional organisation structure
- Provides a focus
- Reduces uncertainty
- Attracts investors
- Aids performance assessment
