intro management

intelligence team

A cross-functional group of managers and employees who work together to gain a deep understanding of a specific competitive issue and offer insight and recommendations for planning.

goal

A desired future state that the organization attempts to realize

scenario planning

A long-term version of contingency planning which involves identifying several alternative future scenarios or states of affairs that may occur, and then making plans to deal with each should it actually occur.

planning

A management function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives

Management by objectives(MBO)

A method of management whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance.

mission statement

A short, specific written statement of the reason a business exists and what it wants to achieve.

mission

A statement or vision of an organization's function in society

strategic goals

Broad statements of where the organization wants to be in the future; pertain to the organization as a whole rather than to specific divisions or departments.

standing plans

Ongoing plans that are used to provide guidance for tasks performed repeatedly within the organization

operational plans

Plans developed at the organization's lower levels that specify action steps toward achieving operational goals and that support tactical planning activities.Day to day

single-use plans

Plans that are developed to achieve a set of goals that are unlikely to be repeated in the future.

contingency planning

The process of preparing alternative courses of action that may be used if the primary plans don't achieve the organization's objectives.

stretch goals

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

tactical goals

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

plan

is a blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals

decentralized planning

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

operational goals

specific, measurable results expected from departments, work groups, and individuals within the organization

strategic plans

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