Managerial planning and goal setting

mission statement

a broadly definition of the organization's that distinguishes it from similar types of organizations

strategic goals

broad statements of where the organization wants to ve in the future and pertain to the organization as a whole rather than to specific divisions or departments

scenario building

involves looking at current trends and discontinuities and visualizing future possibilities

standing plan

ongoing plans that provide guidance for tacks or situation that occur repeatedly within the organization

mission

planning starts with the organization's purposed or reason for existence

operational plans

specify the action steps toward achieving operational goals and support tactical activities

decentralized planning

top executives or planning experts work with managers in major divisions or departments to develop their own foals and plans

plan

a blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals. defined similarly, with strategic, tactical, and operational plans used to achieve the goals.

goal

a desired future state that the organization wanted to realize

management by objectives (MBO)

a method whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance

management by means

a recent approach that focuses people on the methods and processes used to attain results, rather than on the results themselves

contingency plan

company responses to be taken in the case of emergencies, setbacks, or unexpected conditions

single-use plans

developed to achieve a set of goals that are not likely to be repeated in the future

stretch goals

reasonable yet highly ambitious and compelling goals that energize people and inspire excellence

planning

the act of determining and defining the means of achieving them, and is the most fundamental of the four management functions

strategic plans

the action steps by which an organization intends to attain strategic goals

tactical goals

the outcomes that major divisions and departments must achieve for the organization to reach its overall goals. The plans are designed to help execute major strategic plans and to accomplish a specific part of the company's strategy

strategic management

the set of decisions and actions used to formulate and execute strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals