Lesson #4 Flashcards
1
Q
SMART goals
A
Specific, Measurable, Attainable, Realistic, Timely
2
Q
Option-based planning
A
Maintaining flexibility by making small investments in alternative plans
3
Q
Slack resources
A
Extra resources that can be used with unexpected change
4
Q
Vision statement
A
Statement of a company’s purpose
5
Q
Tactical plans
A
Resources and budgets for next 6 months-2 years
6
Q
Operational plans
A
Day to day plans
7
Q
Single plans
A
One time plan
8
Q
Standing plans
A
Repeated plans to handle reoccurring events
9
Q
Groupthink
A
Barrier to good decision making caused by pressure within a group for members to agree with one another
