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Mom Week 2 Session 4

Chapter 1 and Chapter 6 discuss the importance of planning as a management function that sets goals and strategies, providing direction and reducing uncertainty. It differentiates between strategic and operational plans, as well as various types of plans such as long-term, short-term, specific, and directional. The document outlines the steps in goal setting and highlights the role of a formal planning department while addressing issues related to a continuously changing external environment.

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Ton Vossen
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32 views1 page

Mom Week 2 Session 4

Chapter 1 and Chapter 6 discuss the importance of planning as a management function that sets goals and strategies, providing direction and reducing uncertainty. It differentiates between strategic and operational plans, as well as various types of plans such as long-term, short-term, specific, and directional. The document outlines the steps in goal setting and highlights the role of a formal planning department while addressing issues related to a continuously changing external environment.

Uploaded by

Ton Vossen
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Mom week 2 session 4

Chapter 1:

Chapter 6:
Planning = a management function that involves setting goals establishing strategies to achieve the
goals and develop plans.

Why is this important?


 Provides direction
 Reduces uncertainty
 Minimizes waste and redundancy
 Establishes goals and standards

Strategic plans: apply to the entire organization and address main goal.
Operational plans: plans that encompass a particular department.
Long term: 3+ years short term: <1 year
Specific plans: clearly defined with one interpretation.
Directional plans: flexible and can be determined differently.
Single-use plan: one-time plan for unique situation.
Standing plans: ongoing for repeated activities.

Traditional goal setting: top managers set goals that flow down the organizational structure.
Management by objectives: setting mutually agreed goals and use them for appraisal (feedback).

Steps in goal setting:


1. Review organization mission statement.
2. Evaluate available resources.
3. Determine the goals alone or with a team.
4. Write them down and communicate them.
5. Review results.

Formal planning department: a group of specialists whose responsibilities are helping to write plans.

Issues in planning:
 Continuous changing external environment

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