Lesson 1 Flashcards
systematic process of defining goals, determining the best ways to achieve them, and organizing resources and activities to fulfill those objectives efficiently.
Planning
Helps in defining clear objectives and targets for the organization, providing a sense of direction.
Goal Setting
Ensures optimal utilization of resources, preventing waste and enhancing efficiency.
Resource Allocation
Identifies potential challenges and uncertainties, allowing organizations to develop strategies to mitigate risks.
Risk Management
Facilitates informed decision making by providing a structured framework for evaluating options and making choices aligried with objectives.
Decision Making
Helps in coordinating various activities and departments within an organization to work in harmony toward common goals.
Coordination
Enables organizations to adapt to changing circumstances, fostering Flexibility and responsiveness.
Adaptability
Enhances overall efficiency by streamlining processes and focusing efforts on high-priority tasks, leading to more effective outcomes.
Efficiency and Effectiveness
Motivation-Provides a sense of purpose and direction for employees, motivating them to work towards common goals.
Motivation
Clearly defined and measurable targets that an organization aims to achieve.
Objectives/Goals
Identifying the specific actions and steps required to reach the objectives.
Task/Activities
Establishing deadlines and timeframes for the completion of tasks and achievement of goals.
Timelines
Identifying and allocating the necessary resources, such as finances, personnel, and technology, to support the plan.
Resources
Conducting a thorough analysis of the internal and external environment to understand potential challenges and opportunities.
Assessment and Analysis
Building in the ability to adapt the plan in response to changing circumstances or unforeseen events.
Flexibility
Ensuring effective communication of the plan to relevant stakeholders, fostering understanding and alignment.
Communication
Implementing a system to track progress. measure performance against goals, and make adjustments as needed
Monitoring and Evaluation
Long-term planning focused on achieving overall organizational goals
Strategic Planning
Short-term planning that outlines specific tasks and activities to achieve day to day objectives.
Operational Planning
Planing that focuses on specific department or units within an organization
Tactical Planning
Planning for unexpected events or crises to ensure business continuity
Contingency Planning
Planning related to budgeting investing and achieving financial goods.
Financial Planning
Planing the specific tasks resources, and timelines for a particular project
Project Planning
Planning for the identification and development of future leaders within an agarization.
Succession Planning
