Planning-3up(2)

Planning-3up(2) - 2/9/2008 PLANNING MGT 3303.254 Professor...

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2/9/2008 1 PLANNING MGT 3303.254 Professor Brad Fregger Date Presented February 5 th Presented By: Lauren Hammerton Gayle Kennon Randi Killough Colby Benton Contents ± Benefits and pitfalls of planning. ± How to make a plan that works. ± How companies utilize planning on all management levels. Planning ± Planning -choosing a goal and developing a method or strategy to achieve that goal www.masternewmedia.org
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2/9/2008 2 BENEFITS AND PITFALLS OF PLANNING Benefits of Planning ± Managers and employees put forth greater effort when following a plan ± Planning leads to persistence ± Planning encourages direction ± Planning encourages the developments of task strategies ± It has been proven to work for both companies and individuals Benefits of Planning Intensified Effort ± Research shows individuals with plans work harder. ± For Example: Tom and Jane work at Sally’s Deli. Sally, the manager, tells Tom to sell as many sandwiches as he can. Then Sally tells Jane to increase her sales 5% by the end of the week. ± Who do you think will work harder?
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2/9/2008 3 Jane will work harder Jane will work harder to achieve her goal because she was given a specific plan. Tom was not given a specific plan, therefore does not give as much effort. Benefits of Planning Direction ± Plans encourage managers and employees to direct their persistent efforts toward activities that help their persistent efforts toward activities that help accomplish their goals. Benefits of Planning Persistence ± When given a plan, you are more persistent and more able to meet your goal. Without a plan you would be less persistent and easily distracted to prolong the task at hand. ± This is apparent in the example stated before with Tom and Jane.
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2/9/2008 4 Benefits of Planning Creation of Task Planning ± Planning not only encourages people to work hard for extended periods and to engage in behaviors for extended periods and to engage in behaviors directly related to goal accomplishment, but also encourages employees to think of better ways to perform tasks assigned. Benefits of Planning Planning works for companies and individuals ± Companies with plans have larger profits and faster growt growth ± This also holds true for individual managers and employees Pitfalls of Planning ± Impedes change and adaptation Fl f tit ± False sense of certainty ± Detachment of planners
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Planning-3up(2) - 2/9/2008 PLANNING MGT 3303.254 Professor...

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