PPT2.ACE232.09 - you have to work with Goals continued… • 5 Identify what you need to know • 6 Develop a plan of action and write it down •

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Definition: Management is the science of allocating scarce resources among a set of alternatives such that the goals of the business are attained.
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Definition: Farm Management is concerned with the decisions that affect the profitability of the farm business.
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Functions of Management Planning Implementation Control New Information
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Some more definitions… Strategic management - charting the long term course of the business Tactical – short term actions/decisions that move toward that long term goal Important – don’t let the tactical overshadow the strategic!
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Goal Setting: Seven Steps to Success with Goals: Zig Ziegler 1 – Write down and clearly identify exactly what you want. 2 - Put a date on when you expect to get there. 3 - Identify obstacles you have to overcome. 4 - Spell out people/groups/organizations
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Unformatted text preview: you have to work with. Goals, continued… • 5 - Identify what you need to know. • 6 - Develop a plan of action and write it down. • 7 - Write down why you want to get there. FIVE QUESTIONS YOU MUST BE ABLE TO SAY YES TO: • 1) Is it really MY goal? • 2) Is it morally right and fair? • 3) Are my short range goals consistent with my long range goals? • 4) Can I commit my self emotionally to complete the project? • 5) Can I visualize myself reaching this goal? Do Goals Make A Difference?? • A study of Harvard MBAs – • At graduation, 3% had written goals • 13% had unwritten goals • 84% had no specific goals • 10 years later…. • The 13% earned 2X as much as the 84% • The 3% earned 10X as much as the other 97%!...
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This note was uploaded on 03/24/2009 for the course ACE 232 taught by Professor Stoddard during the Spring '08 term at University of Illinois, Urbana Champaign.

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PPT2.ACE232.09 - you have to work with Goals continued… • 5 Identify what you need to know • 6 Develop a plan of action and write it down •

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