UNIT 2- FUNDAMENTALS OF PLANNING

Question 1

WHAT IS THE FOUR BASIC STEPS IN PLANNING?

Answer 1

1. Establish a set of goals
2. Define the present situation
3. Discover aids(supports) and barriers
4. Develop a course of action

Question 2

3. Identifying aids and barriers

Answer 2

Prediction of future expectations, problems, opportunities should be listed down in planning.

Question 3

1. How does establishing a set of goal begins?

Answer 3

1. Begins with decision about the organizations wants or needs
2. Resources will be used too much, if they don’t know/ don’t have a clear goal.

Question 4

2. Defining the present situation

Answer 4

Plans can be drawn only after the current state of affairs is analyzed to change future progress.

Financial and statistic data information must be provided for communication between the organization and subunits

Question 5

4. Developing a course of action.

Answer 5

• develop various options
• evaluating these options
• finally choosing the most suitable option for the future

Question 6

What is goal and planning?

Answer 6

Goal is an aim or desire to achieve something, while planning is a detailed list to do something.

Question 7

What are the 3 levels of planning?

Answer 7

1. Strategic Planning
2. Tactical Planning
3. Operational planning

Question 8

What is strategic planning?

Answer 8

• Involves in making decisions for a long term goal and strategies of a company.
• They are the major targets or end results for a company. that relates to long term survival, growth and value of a company.

Question 9

What is tactical planning?

Answer 9

Broad goals are summarized into specific goals and plans that are relevant to a specific department in a company, often a functional area
- Major actions will be required of the certain department to fulfill its part of the strategic plan.

Question 10

What is operational planning?

Answer 10

• identifies the specific procedures and processes required at lower levels of a company.
  strategic, tactical and operational planning must be linked in a consistent manner.

Question 11

What is strategic management?

Answer 11

Decisions and actions used to implement strategies.

Question 12

Tell me about grand strategy.

Answer 12

a general plan that has major actions that intends to achieve long term goals. Moor.

Question 13

Tell me about grand strategy.

Answer 13

a general plan that has major actions that intends to achieve long term goals.

Question 14

What is management by objectives (mbo)?

Answer 14

Where managers and employees define goals for every departments project, and person

Question 15

How is prevention, preparation, containment (control) used in a company

Answer 15

Prevention: Building relationships with key stakeholders
Preparation: three steps are needed
- assigning a crisis management plan
- creating a detailed crisis management plan
- setting up an effective communications system
Containment (control): organisation to speak with one voice and tell the stakeholders and employees what is the company doing to prevent them for hearing rumours.

Question 16

What adds the 3 stages. Of crisis management planning

Answer 16

1. Prevention
2. Preparation
3. Containment (control)

Question 17

What is crisis management planning.

Answer 17

Can be used to respond to any failure at any time

Question 18

What are the 2 types of plans

Answer 18

1. Single-use plans.
   - likely to not be repeated in the future
2. Standing plans.
   - provide guidance (direction) for tasks performed repeatedly.

Question 19

What are the 4 major activities must occur in order MBO to be successful

Answer 19

1. Set goals. Should be concrete, realistic, and provide a specific target and time frame.
2. Develop action plans. Actions needed to achieve the goals
3. Review progress. Managers and employees can review periodic progress to see if they are on the right track to achieve their goals or some adjustments will be needed.
4. Appraise overall performance. To see whether the annual goals are achieved for both individuals and departments.