Week 4: Planning, strategic management and decision-making

Question 1

Kronos:

Answer 1

objective ‘clock’ time where past, present and future separated

Question 2

Kairos:

Answer 2

subjective experience of time, where past, present and future are experientially interrelated

Question 3

formal planning?

Answer 3

is an organisation’s attempt to succeed through managing its relationship with time, and coordinating efforts and making decisions in light of set goals

Question 4

Dimensions of formal planning

Answer 4

provide direction, reduce impact of change by minimising uncertainties, minimise wast and redundancy, set standards to facilitate control