Module 2 Flashcards
1
Q
- Developing pathway(s) to accomplish the organization’s mission and goals using resources and time
- Thinking and analyzing portion of management process
A
planning
2
Q
what is the hierarchy of planning
A
- strategic
- tactical
- operational
- contingency
3
Q
- process by which high level decisions are made
- designed and executed by top-level managers
- usually based on long-term projections
- maps out the course of an organization for approximately 20 years
A
strategic planning
4
Q
- deciding on the objectives of the organization and the need to modify existing objectives if appropriate;
- allocating resources to attain these objectives; and
- establishing policies that govern the acquisition, use, and disposition of these resources
A
strategic planning
5
Q
aka short range planning
* covers a 1-5 year period
A
tactical planning
6
Q
- supports strategic plans
- consists of the detailed, day-to-day operations needed to meet the immediate needs
A
tactical planning
7
Q
- works towards meeting the long-term strategic goals that have been set
- responsibility and functionality of middle-level managers
A
tactical planning
8
Q
- made by low-level managers
- focused on specific procedures and process
- may cover one year or one budget period
A
operation planning
9
Q
- made when something unexpected happens
- helpful in circumstance that call for a change
A
contingency planning
10
Q
what are the steps in management planning
A
- identifying goals
- evaluating the current situation
- establishing a time frame
- setting objectives
- forecasting resource needed
- implementing the plan
- creating feedback mechanisms
11
Q
it is a broad, long-term, ambition of the organization
A
goal
12
Q
a specific, short-term standard that allows the manager to achieve the desired goal
A
objective
13
Q
what does SMART stand for
A
specific, measurable, achievable, realistic, timely
14
Q
- Written goals allow all employees to work toward a common result.
- Questioning process
- Where, or what, does the institution wish to be
A
identifying goals
15
Q
Knowing where you are and how you got there is essential in determining where you are going
A
evaluating the current situation
16
Q
- key element in determining if a plan is realistic
- set an acceptable period in which to achieve goals
A
establishing a time frame
17
Q
- 4 basic characteristics of a good objective:
1. Clearly defined and understood
2. Obtainable and realistic
3. Has a strict time period in which it is to be accomplished
4. Measurable - Objectives are written using action verbs.
A
setting objectives