Chapter_6_Outline management fall 2019.docx - Outline...

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Outline Chapter 6 (pp. 158-172; 180-182) The nature of planning(def) – a set of activities intended to achieve goals, whether for an entire organization, department, or an individual Benefits of planning (3) Offer two recommendations NOT from the text – motivation, allows flexibility, and gives a sense of direction 8 Steps in planning (list and define) 1. Create the mission statement – fundamental purpose and basic philosophy Mission statement – a formal written declaration of the organization’s mission; often includes the firm’s philosophy, its primary products and markets, the intended geographic scope, and the nature of the relationships between the firm, its stakeholder, and society 2. Assess the current situation – being aware of its present situation 3. State goals – a result that a firm wishes to achieve Goals – strategic, tactical, and operational goals Methods – Challenges - (Types of goals, Methods, challenges) list 3 of Drucker’s recommendation 4.
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