1.03 Managerial Planning

Operational Plan

One that a manager uses to accomplish his or her job responsibilities.

Strategic Plans

Outline of steps designed with the goals of the entire organization in mind, rather that with the goals of specific divisions or departments.

Mission Statement

What the organization stands for and why it exists.

Objective

End result desired by the organization, derived from the organization's mission statement.

Contingency Plans

Involves identifying alternative courses of action that can be implemented if and when the original pan proves inadequate because of changing circumstances.

Tactical Plan

Is concerned with what the lower level units within each division must do, how they must do it, and who is in charge at each level.

Planning

Planning means determining the organization's goals and defining the means for achieving them.

Goal

a desired future state that the organization attempts to realize.

Plan

is a blueprint for goal achievement and specifies the necessary resource allocations, schedules, tasks, and other actions