Lesson 3 (2nd Q) Flashcards

1
Q

Two components of planning

A

Goals and action plan

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2
Q

The target and result the company wants

A

Goal

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3
Q

The strategy and steps a company takes

A

Action plan

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4
Q

Well-defined, clear, and unambious

A

Specific (S)

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5
Q

Provides a reliable way to gauge process

A

Measurable

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6
Q

Can be done with the given skill and time in hand

A

Attainable (A)

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7
Q

Makes sense in helping you get to your bigger goals

A

Relevant (R)

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8
Q

Has a clear dead line and amout of time to spend on

A

Time-bound

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9
Q

Proposed the notion of planning

A

Weihrich and Koontz

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10
Q

Involvement of the chosen mission and objective which serves as the best alternative set of action

A

Notion of planning

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11
Q

Importance of planning for what happens in the future

A

Newman’s idea

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12
Q

Said that process of creating strategic procedure to ensure the effectiveness of a certain performance

A

Henry Fayol

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13
Q

Process of achieving goals and organizational objectives

A

Planning is goal-oriented

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14
Q

Requires creative thinking, analytic reasoning, and problem solving

A

Planning is a rational process

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15
Q

Requires creative thinking, analytic reasoning, and problem solving

A

Planning is a rational process

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16
Q

Planning is the initial activity performed within organization

A

Planning is a primary function

17
Q

Execution of different phases of planning

A

Planning is all pervasive

18
Q

Activity in foreseeing possibilities

A

Planning is forward looking

19
Q

Planning should be never ending.

A

Planning is a continous process

20
Q

Done in consideration of internal amd external enviroment of org

A

Planning is an integrated process

21
Q

Most important part of planning is decision making

A

Planning involves choices

22
Q
A