PLANNING Flashcards
group of senior executives
Corporate level
group to work together in generating idea
Brainstorming
Possible actions that a
manager can choose from in making a
decision.
Alternatives
focus on determining how they
are going to compete effectively in market
Business level
encompasses looking into the
future
Futuristic
is very specific so managers are properly guided on what to do in terms of resources and strategies.
Focused
allows members to give their
own injects based on an agenda
Nominal Group Technique
primary element of a tactical
plan
Goals
This model has a high rate of success, especially if done by experienced
managers.
This is most suited for managers who
have several years of managerial
experience.
Intuitive decision model
numbers
quantitative
specific accomplishments
or action plans that are usually
attained after a long period.
Objective refer to action plans that
involve shorter period and more
goals
focuses on defining the goals of
the organisation
Goal oriented:
one that
a manager uses to accomplish his or her job responsibilities
OPERATIONAL PLAN
the vision is achievable and realistic
Feasible
Describes a company’s reason for its
existence.
Present the company’s unique Identity
that distinguish itself from competitors.
MISSION STATEMENT
describes the path where the company wants to
go and presents specific plans to move forward in the future
Directional
