Planning Flashcards

1
Q

involves writing down the organization’s vision, mission and goals

A

planning process

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2
Q

The inspiration and aspiration of the owner/founder of the business are reflected in the________

This serves as a motivation to the employees in their job performance because they understand the reason behind the things they work for.

A

V-M-G

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3
Q

• refers to the ultimate reason for the existence of the business. This shall provide the direction for all employees.

A

VISION

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4
Q

• a statement of what the organization does in order to realize its vision

A

MISSION

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5
Q

• these are what the company desires to achieve.

A

GOALS

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6
Q

THE IMPORTANCE OF GOALS AND PLANS

A

• Guides for decisions
• Guides to action
• Standard of performance

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7
Q
  • A desired future state that the organization attempts to realize.
A

GOAL

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8
Q
  • A blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals.
A

PLAN

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9
Q

determining the organization’s goals and the means for achieving them the most fundamental management function

A

PLANNING

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10
Q

• What the organization stands for reason for being
• Symbolizes legitimacy
• Employees identify with overall purpose

A

LEGITIMACY

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11
Q

• Employees’ identification with the organization
• Motivate by reducing uncertainty

A

SOURCE OF MOTIVATION AND COMMITMENT

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12
Q

• Provide a sense of direction; focus attention on specific targets
• Direct efforts toward important outcomes

A

GUIDES TO An ACTION

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13
Q

• Learn what the organization is trying to accomplish
• Make decisions to ensure that internal policies, roles, performance, structure, products, and expenditures will be made in accordance with desired outcomes

A

RATIONALE FOR DECISIONS

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14
Q

• Serve as performance criteria
• Provide a standard of assessment

A

STANDARD FOR PERFORMANCE

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15
Q

= organization reasons for existing

A

MISSION

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16
Q

Broadly states the basic business scope and operations that distinguishes it from similar types of organizations

• May include the market and customers

• Some may describe company values, product quality, attitudes toward employees

A

MISSION STATEMENT

17
Q

• Where the organization wants to be in the future
• Pertain to the organization as a whole

A

GOALS

18
Q

• Action steps used to attain goals
Blueprint that defines the org

A

PLANS

19
Q

CHARCATERISTICS OF EFFECTIVE GOAL
SETTING

A

• Specific and Measurable
• Challenging but realistic
• Defined time period
• Linked to rewards

20
Q

Single use plans

A

Program
Project

21
Q

is a complex set of obiectives and plans to achieve an important, one-time organizational goal (ex. Expansion)

A

program

22
Q

is similar to a program, but generally smaller in scope and complexity (ex. Putting up a new building and facilities)

A

project

23
Q

Policy
Rules
Procedures

A

STANDING PLANS

24
Q

is a general guide to action and provides direction for people within the organization

A

policy

25
Q

describe how a specific action is to be performed

A

Rules

26
Q

define a precise series of steps to be used in achieving a specific job

A

Procedures

27
Q

Specific situations - unexpected conditions

A

CONTIGENCY PLANS

28
Q

Contingency plans

A

Identify uncontrollable factors

Minimize impact of uncontrollable factors

29
Q

• Economic turndown
• Declining Markets
• Increases in cost of supplies
• Technological developments
• Safety Accidents

A

IDENTIFY UNCOTROLLABLE FACTORS

30
Q

• The word refers to becoming successful in attaining a desired end or aim

A

ACHIEVEMENTS

31
Q

ACHIEVEMENT CLUSTER

A

• Opportunity Seeking
• Persistence
• Commitment to the work contract
• Risk-Taking
• Demand for efficiency and quality

32
Q

• The entrepreneur seeks and acts on new business opportunities, seizes unusual circumstances to obtain financing, equipment, land, workspace, or assistance

A

OPPORTUNITY SEEKING

33
Q

• The entrepreneur takes repeated or different actions to overcome obstacles, make personal sacrifice or extraordinary effort to complete a job and hold to his/her own judgement in the face of opposition or early lack of success

A

PERSITENCE

34
Q

• The entrepreneur accepts full responsibility for problems in completing a job for customers, pitches in with the workers, or work with them to get a job done on time, express close concern for satisfying the customers and make deliveries of goods and services right on schedule

A

COMMITMENT TO THE WORK CONTRACT

35
Q

• An entrepreneur is a risk taker not in a context of speculation and gambling but in the organization of human and nonhuman resources in the attainment of objectives

A

RISK TAKING