Chapter 7 - Principles of Management Assignment 6 Chapter 7...

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Click to edit Master subtitle style 5/11/09 Principles of Management Assignment 6 Chapter 7
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5/11/09 Planning Planning – Involves defining the organization’s goals, establishing an overall strategy for achieving those goals, and developing plans for organizational work activities Informal Planning – General information which nothing is written down and lacks continuity Formal Planning – Very specific goals cover a period of years, which are written and shared with organizational memebers.
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5/11/09 Short Term vs. Long Term Plans Short Term Plans Long Term Plans Plans covering 1 year or less Plans with a time frame beyond 3 years
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5/11/09 Specific Plans vs. Directional Plans Specific Plans Directional Plans Clearly Defined Objectives Flexible in Order to Respond to Changes No Room for Interpretation Set Out General Guidelines No Ambiguity Provide Focus No Problem with Misunderstanding They Do Not Lock Managers into Specific Goals Require Clarity and Predictability Loss of Clarity
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5/11/09
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Chapter 7 - Principles of Management Assignment 6 Chapter 7...

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