Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                
Scribd Logo
Upload

Welcome to Scribd!

  • 48 views

    Planning: The Foundation of Successful Management

    Uploaded by

    wsvivi
    How do I tend to deal with uncertainty, and how can planning help? what are mission and vision statements and what are Three Types of Planning and goals? how does the planning / control cycle help keep a manager's plans headed in the right direction?

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    Planning: The Foundation of Successful Management

    Uploaded by

    wsvivi
    48 views36 pages
    How do I tend to deal with uncertainty, and how can planning help? what are mission and vision statements and what are Three Types of Planning and goals? how does the planning / control cycle help keep a manager's plans headed in the right direction?

    Original Title

    Chap5S

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    How do I tend to deal with uncertainty, and how can planning help? what are mission and vision statements and what are Three Types of Planning and goals? how does the planning / control cycle help keep a manager's plans headed in the right direction?

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    48 views36 pages

    Planning: The Foundation of Successful Management

    Uploaded by

    wsvivi
    How do I tend to deal with uncertainty, and how can planning help? what are mission and vision statements and what are Three Types of Planning and goals? how does the planning / control cycle help keep a manager's plans headed in the right direction?

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 36

    Planning The Foundation of Successful Management

    Chapter Five
    McGraw-Hill/Irwin Copyright 2011 by The McGraw-Hill Companies, Inc. All rights reserved.

    Major Questions You Should Be Able to Answer


    5.1 How do I tend to deal with uncertainty, and how can planning help? 5.2 What are mission and vision statements and what are three types of planning and goals? 5.3 What is MBO, and how can it be implemented? 5.4 How does the planning/control cycle help keep a managers plans headed in the right direction?
    5-2

    Planning & Uncertainty


    Planning
    coping with uncertainty by formulating future courses of action to achieved specified results setting goals and deciding how to achieve them
    5-3

    Planning & Strategic Management

    Figure 5.1
    5-4

    Why Not Plan?


    1. Planning requires you to set aside the time to 2.
    do it You may have to make some decisions without a lot of time to plan

    5-5

    How Planning Helps You


    1. Helps you check on your progress 2. Helps you coordinate activities 3. Helps you think ahead 4. Helps you cope with uncertainty

    5-6

    Four Basic Strategy Types

    Defenders

    Prospectors

    Analyzers

    Reactors

    5-7

    Four Basic Strategy Types


    Defenders
    experts at producing and selling narrowly defined products

    5-8

    Four Basic Strategy Types


    Prospectors
    focus on developing new products and in seeking out new markets, rather than waiting for things to happen

    5-9

    Four Basic Strategy Types


    Analyzers
    let other organizations take the risks of product development and marketing and then imitate what seems to work best

    5-10

    Four Basic Strategy Types


    Reactors
    make adjustments only when finally forced to by environmental pressures

    5-11

    The Adaptive Cycle


    Adaptive Cycle
    businesses are continuously cycling through decisions about three kinds of business problems: (1) entrepreneurial, (2) engineering, and (3) administrative

    5-12

    Making Plans

    Figure 5.2
    5-13

    Mission & Vision Statements


    Mission statement
    expresses the purpose of the organization

    Vision statement
    long-term goal describing what an organization wants to become clear sense of the future and the actions needed to get there

    5-14

    Three Types of Planning for Three Levels of Management


    Strategic planning
    determine what the organizations long-term goals should be for the next 1-5 years with the resources they expect to have available

    5-15

    Three Types of Planning for Three Levels of Management


    Tactical planning
    determine what contributions their departments or similar work units can make during the next 624 months

    5-16

    Three Types of Planning for Three Levels of Management


    Operational planning
    determine how to accomplish specific tasks with available resources within the next 1-52 weeks

    5-17

    Three Levels of Management, Three Types of Planning

    Figure 5.3

    5-18

    Goals & Smart Goals, Action Plans & Operating Plans


    Goals
    specific commitment to achieve a measurable result within a stated period of time also known as an objective strategic, tactical, operational

    5-19

    Goals
    Strategic goals
    set by and for top management and focus on objectives for the organization as a whole.

    Tactical goals
    set by and for middle managers and focus on the actions needed to achieve strategic goals.

    5-20

    Goals
    Operational goals
    set by and for first-line managers and are concerned with short-term matters associated with realizing tactical goals.

    5-21

    SMART Goals
    Specific Measurable Attainable Results-oriented Target dates

    5-22

    Relationship Between Goal Difficulty and Performance

    Figure 5.4
    5-23

    Goals & Smart Goals, Action Plans & Operating Plans


    Action plan
    defines the course of action needed to achieve the stated goal

    5-24

    Goals & Smart Goals, Action Plans & Operating Plans


    Operating plan
    designed for a 1-year period defines how you conduct your business based on the action plan identifies clear targets such as revenue, cash flow, and market share

    5-25

    Standing Plans: Policies, Procedures, & Rules


    Standing plans
    plans developed for activities that occur repeatedly over a period of time consist of policies, procedures, and rules.

    5-26

    Standing Plans: Policies, Procedures, & Rules


    Policy
    outlines the general response to a designated problem or situation

    Procedure
    outlines the response to a particular problem or circumstances

    Rule
    designates specific required action
    5-27

    Single Use Plans: Programs & Projects


    Single-use plans
    plans developed for activities that are not likely to be repeated in the future

    5-28

    Single Use Plans: Programs & Projects


    Program
    encompasses a range of projects or activities

    Project
    plan of less scope and complexity than a program

    5-29

    What Is MBO?
    1. Jointly set objectives 2. Develop action plan 3. Periodically review performance 4. Give performance appraisal and rewards, if
    any

    5-30

    Three Types of Objectives Used in MBO

    Table 5.2

    5-32

    Cascading Objectives: MBO from the Top Down


    1. Top management must be committed 2. It must be applied organization-wide 3. Objectives must cascade

    5-33

    MBO: Cascading of Objectives


    Organizational Objectives

    The XYZ Company

    Divisional Objectives

    Consumer Products

    Industrial Products

    Departmental Objectives

    Production

    Sales

    Customer Service

    Marketing

    Research

    Development

    Individual Objectives

    The Planning/Control Cycle


    1. Make the plan 2. Carry out the plan 3. Control the direction by comparing results
    with the plan 4. Control the direction by taking corrective action in two ways Correcting deviations Improving future plans
    5-35

    The Planning/Control Cycle

    Figure 5.5

    5-36

    You might also like