Planning

Question 1

Planning

Answer 1

Coping with uncertainty by forumlating future.

Setting goals and deciding how to achieve them .

Question 2

Planning steps

Answer 2

ESTABLISH the organizations mission & vision
FORMULATE the GRAND strategy
FORMULATE the strategic plans
IMPLEMENT the strategic plans
CONTROL the strategy

Question 3

Why not plan?

Answer 3

• planning requires you to set aside the time to do it

- make decisions without alot of time to plan

Question 4

How does planning help you?

Answer 4

helps you check on your progress
helps you coordinate activities
helps you think ahead
helps you cope with uncertainty

Question 5

FOUR basic strategy

Duke Pokes Ana Ridiculously

Answer 5

Defenders
Prospectors
Analyzers
Reactors

Question 6

Defenders

Answer 6

experts at producing and selling narrowly defined products

Question 7

Prospectors

Answer 7

focus on developing new products. doesn’t wait for new things to happen

Question 8

Analyzers

Answer 8

let others take risks

Question 9

Reactors

Answer 9

make adjustments only when finally forced to

Question 10

what are three types of planning?

Answer 10

strategic
tactical
operational

Question 11

strategic planning

Answer 11

1-5 years, TOP MANAGEMENT

Question 12

tactical planning

Answer 12

6-24 months, MIDDLE MANAGEMENT

Question 13

operational planning

Answer 13

1-52 weeks, FIRST LINE MANAGEMENT

Question 14

ACTION PLAN

Answer 14

defines the course of action needed to achieve the stated goal

Question 15

OPERATING PLAN

Answer 15

designed for a 1 year plan period

Question 16

Standing plans

Answer 16

plans developed for activties that occur repeatedly

Question 17

Standing Plans

Answer 17

Policy
Procedure
Rule

Question 18

Single Use Plans

Answer 18

plans developed for activties that are not likely to be repeated in the future.

Question 19

Program

Answer 19

encompasses a range of projects or activiies

Question 20

project

Answer 20

plan of less scope and complexity than a program

Question 21

SMART goals

Answer 21

Specific
Meansurable
Attainable
Results-oriented
Target dates

Question 22

What is MBO?

Answer 22

Jointly set objectives

Develop action plan

Question 23

The planning/control Cycle

Answer 23

1. Make the plan
2. Carry out the plan
3. Control the direction by comparing the results with the plan.
4. Control the direction in 2 ways.