CHAPTER 2 - Goals should be achievable Dan Sullivan No...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
CHAPTER 2 Types of Uncertainty 1. State – base level environmental uncertainty 2. Effect – uncertainty of effects of change on environment 3. Response – uncertainty of consequences of particular decisions Org. Responses to Uncertainty 1. Defenders – efficiency expert in a narrow market a. Harley Davidson 2. Prospectors – searching for new opportunities a. 3. Analyzers – follow the leader in stable markets a. Teva Pharmaceuticals 4. Reactors – wait to be forced into change, often too late a. Kodak Essentials of Planning 1. Mission a. Starbucks: August 20 th price changes (Website) b. Google: (Website) 2. Objectives 3. Strategy 4. Mission Statement a. Defines b. Inspires c. Says How d. Establishes priorities e. States common goal
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
f. Creates philosophical anchor g. Generates enthusiasm h. Empowers i. Scott Adams – A mission statement is defined as a long, awkward sentence that demonstrates management’s inability to think clearly. ii. Chick-fil-a (Website)
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Goals should be achievable Dan Sullivan No matter how fast you run toward the horizon, youll never get there Planning Horizons 1. Strategic: 1 10 years 2. Intermediate: 6 months 2 yeas 3. Operational: 1 week 1 year Graphical Planning Methods Flow Charts Grantt Charts Pert Networks o Event milestones representing start or finsh o Activity work in progress bookended by events o Time estimated time = + + Te To 4Tm Tp6 Critical path the most time consuming chain of events/activities, the disruption of which will cause the entire project to be delayed Break-Even Analysis o =-BEP Break Even Point FCP VC o MBO Management by Objective management system based on measurable goals and participative goal setting. 1. Set objectives 2. Develop action plan 3. Periodic review 4. Performance appraisal o o...
View Full Document

This note was uploaded on 05/26/2011 for the course MGMT 3000 taught by Professor Roberthirschfeld during the Spring '08 term at University of Georgia Athens.

Page1 / 3

CHAPTER 2 - Goals should be achievable Dan Sullivan No...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online