PLANNING, DECISION MAKING Flashcards
The act of choosing between two or more courses of action
DECISION MAKING
Planning involves Three things
- PURPOSE
- GOAL
- PLAN
Types of Planning
- Operational Planning
- Strategic Planning
- Tactical Planning
- Contingency Planning
Types of Planning
“How things happen”
OPERATIONAL PLANNING
Types of Planning
“Why things need to happen”
STRATEGIC PLANNING
Types of Planning
“What is going to happen”
TACTICAL PLANNING
Types of Planning
“When something unexpected happen”
CONTINGENCY PLANNING
7 Steps of effective Decision Making
- IDENTIFY DECISION
- GATHER INFORMATION
- IDENTIFY ALTERNATIVES
- WEIGH THE EVIDENCE
- CHOOSE AMONG ALTERNATIVES
- TAKE ACTION
- REVIEW YOUR DECISION
KNOW ALL STEPS
Characteristics of Planning
- MANAGEMENT FUNCTION
- GOAL-ORIENTED
- OMNIPRESENT
- CONTINUOUS PROCESS
- ANALYTICAL SKILLS
- FORECAST
KNOW ALL
Planning is not only the base for the rest of the ____ i.e. staffing, directing, organizing, and controlling, but it is also one of the most crucial processes for any organization to
meet goals. A
MANAGEMENT FUNCTION
Planning is focused on defining organizational goals or objectives, identifying different action plans, deciding and implementing the best action plan to achieve goals.
GOAL ORIENTED
present in all places at *all times
Planning is involved at all the levels i.e. top, middle, and bottom
OMNIPRESENT
Planning is a ____ in an organization which involves making plans for a particular time period i.e. monthly or quarterly, half-yearly, yearly, etc.
CONTINUOUS PROCESS
the ability to collect, interpret, and analyze information to solve problems, find patterns, and make decisions
ANALYTICAL SKILLS
a prediction or estimate of future events
Planning process demands ____ future needs, i.e. analyzing and detecting future requirements, challenges in accomplishing organizational goals, etc.
FORECAST
