The Plans
Plans of five years or more
Long Term Plans
how many objectives are there?
two types of objectives
plans that apply to the entire organization, that establish the organization's overall objectives, and that seek to position the organization in terms of environment.
What is strategic plans?
plans that are flexible and set out general guidelines
directional plans
Short term plans
plans covering one year or less
What are the objectives
Stated and real objectives
a three dementional, interactive computer-generated experience that takes place within a stimulated environment.
What is virtual reality?
a one-time plan specifically designed to meet the needs of a unique situation
What are single use plans?
top executive
middle level managers
first level managers
what are the levels of organization?
specific plans
plans that are clearly defined and leave no room for interpretation
official statement of what an organization says
stated orginization
screening large amounts of information to detect emerging trends and create a set of scenarios.
What is environment scanning?
plans that apply to the entire organization, that establish the organization's overall objectives, and that seek to position the organization in terms of environment.
What are strategic plans?
Breadth
Time frame
Specificity
Frequency of use
What are the types of plans?
ongoing plans that provide guidance for activities that are performed repeatedly
standing plans
Objectives that an organization pursues.
Real objectives.
objectives are set at the tip and then broken down into subgoals for each level of an organization.
What is traditional objective setting?
plans that specify the details of how the overall objectives are to be achieved.
What are operational plans?
goal specificity
participative decision making
an explicit time period
performance feedback
What are the 8 types of plans?
strategic
operational
short-term
long-term
specific
directional
single-use
standing
Another word for objectives
GOALS
a system in which specific performance objectives are jointly determined by subordinates and their superiors, progress towards objectives is periodically reviewed, and rewards are allocated on the basis of this progress.
What is management by objectives?
gathering information about competitors that allows managers to anticipate competitors' actions.
What is competitive intelligence?
providing direction
reducing uncertainty
minimizing waste and redundancy
establishing the goals or standards used in controlling
What are the key contingency factors in planning