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