planning – deciding what work will be done and how it will be accomplished objective: discuss the...
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Planning – deciding what work will be done and how it will be accomplished
Objective: Discuss the Nature of Planning as a Management Function
Four Functions of Management
Planning
Organizing
Leading
Controlling
Planning Process
Set goals
Determine what needs
done to accomplish
them
Implement actions
Evaluate results
Barriers to Effective Planning Trouble making accurate forecasts Time Cost Internal inflexibilities External inflexibilities Rapid change
Characteristics of Effective Planning Simplicity Flexibility Linked to long-term objectives Consistency Feasibility Direction for action
Types of Planning Strategic PlanningCompany level goals
Tactical PlanningDivision level goals
Operational PlanningSpecific procedures for departments/individuals
Contingency Planning
Emergencies, setbacks, unexpected conditions
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