MODULE 3 Flashcards
It is the ability to take action to determine the objectives of the organization as well as what is necessary to accomplish these objectives.
PLANNING SKILLS
process of determining how the organization can get where it wants to go and what it will do to accomplish its objectives.
PLANNING
It is “the systematic development of action programs aimed at reaching agreed-upon business objectives by the process of analyzing, evaluating, and selecting among the opportunities which are foreseen.”
PLANNING
Planning is the process of __, ___, and ___ among the opportunities which are foreseen
analyzing, evaluating, and selecting
the primary management function.
PLANNING
It precedes and is the basis for the organizing, influencing, and controlling functions of managers.
PLANNING
the foundation function and the first one to be performed.
PLANNING
TWO PURPOSES OF PLANNING
- PROTECTIVE PURPOSE
- AFFIRMATIVE PURPOSE
minimize risk by reducing the uncertainties surrounding business conditions and clarifying the consequences of related management actions.
PROTECTIVE PURPOSE
Increase the degree of organizational success.
AFFIRMATIVE PURPOSE
The company uses ____ to ensure its success.
PLANNING
establishes a coordinated effort within an organization.
PLANNING
helps facilitate the accomplishment of objectives.
PLANNING
High failure is a consequence of ___
INADEQUATE PLANNING
STEPS IN THE PLANNING PROCESS
- STEP 1: State organizational objectives
- STEP 2: List alternative ways of reaching objectives
- STEP 3: Develop premises upon which alternative is based
- STEP 4: Choose best alternative for reaching objectives
- STEP 5: Develop plans to pursue chosen alternative
- STEP 6: Put the plans into action
TWO ORGANIZATIONAL PLANS
- STANDING PLANS
- SINGLE USE PLANS
used over and over again because it focuses on organizational situations that occur repeatedly
STANDING PLANS
used only once or, at most, a few times because it focuses on unique or rare situations within the organization
SINGLE USE PLANS
Standing Plans scope
- POLICIES
- PROCEDURES
- RULES
Furnishes broad guidelines for taking action that is consistent with reaching organizational objectives
POLICIES
Outlines a series of related actions that must be taken to accomplish a particular task.
PROCEDURES
Outlines more specific actions than policies
PROCEDURES
Designates specific required actions.
RULES
Indicates what an organization member should or should not do.
RULES
SINGLE USE PLANS
- PROGRAMS
- BUDGET
Designed to carry out a special project within an organization.
PROGRAMS
Not intended to exist over the entire life of the organization
PROGRAMS
Financial plan that covers a specified length of time.
BUDGETS
It details how funds will be spent and obtained.
BUDGETS
The target toward which the open management system is directed.
ORGANIZATIONAL OBJECTIVE
one where a company functions while becoming increasingly mixed and complex due to its growing relationship with its environment.
OPEN MANAGEMENT SYSTEM
what the organization exists to do, given a particular group of customers and their needs.
ORGANIZATIONAL PURPOSE
Increase the size or scope of your company
GROWTH GOAL
Improve the everyday effectiveness of your team
PROCESS GOAL
Address a problem within your organization
PROBLEM-SOLVING GOAL
Develop new skills or expertise
DEVELOPMENT GOAL
Create a new or improved product or service
INNOVATION GOAL
Improve your organization’s financial standing
PROFITABILITY GOAL
Make your business more environmentally friendly
SUSTAINABILITY GOAL
Increase your influence in the market
MARKETING GOAL
Earn and keep the trust of your customers
CUSTOMER RELATIONS GOAL
the motivating force for managers.
PROFIT
Managers have ___ in accordance with the ethical and moral codes of the society in which the business operates.
SOCIAL RESPONSIBILITIES
THREE TYPES OF ORGANIZATIONAL OBJECTIVES
- SHORT-TERM OBJECTIVES
- INTERMEDIATE-TERM OBJECTIVES
- LONG-TERM OBJECTIVES
