Chapter 7 - 0 Managerial Planning and Goal Setting CHAPTER...

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Managerial Planning and Goal Setting CHAPTER 7 0
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Learning Objectives Define goals and plans and explain the relationship between them. Explain the concept of organizational mission and how it influences goal setting and planning. Describe the types of goals an organization should have and why they resemble a hierarchy. Define the characteristics of effective goals. 0
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Learning Objectives (contd.) Describe the four essential steps in the MBO process. Explain the difference between single-use plans and standing plans. Describe and explain the importance of the three stages of crisis management planning. Summarize the guidelines for high-performance planning in a fast-changing environment. 0
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Planning for the Future Most organizations are facing turbulence and growing uncertainty Economic, political, & social turmoil = managers wonder how to cope Renewed interest in organizational planning 0
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Goals and Plans Goal - A desired future state that the organization attempts to realize Plan - A blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals Planning – determining the organization’s goals and the means for achieving them the most fundamental management function the most controversial management function 0
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Mission Statement Strategic Goals/Plans Senior Management (Organization as a whole) Tactical Goals/Plans Middle Management (Major divisions, functions) Operational Goals/Plans Lower Management (Departments, individuals) Internal Message Legitimacy, motivation, guides, rationale, standards External Message Legitimacy for investors, customers, suppliers, community Exhibit 7.1 0
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Benefits for the Organization Legitimacy What the organization stands for - reason for being Symbolizes legitimacy Employees identify with overall purpose Source of Motivation and Commitment
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This note was uploaded on 02/26/2009 for the course MGMT 300 taught by Professor Kukalis during the Spring '08 term at CSU Long Beach.

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Chapter 7 - 0 Managerial Planning and Goal Setting CHAPTER...

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