Orgman (LG5) Flashcards
Involves direction and goals of an organization
Planning
What company wants to achieve and where it wants to go in the future
Determine the course and direction of the company
Vision statement
7Characteristics of effectively worded vision
Graphic
Directional
Focused
Flexible
Feasible
Desirable
Easy to communicate
The vision projects to the market the kind of company that the management wants to create and spires to be
Graphic
The path where the company want to go
Directional
The vision is very specific
Focused
Allows room to change
Flexible
Achievable an realistic
Feasible
Vision is clear on why the path is practically sensible and serves the interests of members in the long run
Desirable
the vision is easy to understand
easy to communicate
Company’s reason for existence
Mission statement
Goals
Attained after long period of time
general
Increase in revenue
Objectives
Action for shorter period of time
specific
Types of plan
Strategic plans
Tactical Plans
Operational Plans
Strategic plan
Top level
Company’s vision, mission
Bases for more specific plan
