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