04 - MGMT - Chapter05

04 - MGMT - Chapter05 - 5 The Plan Benefits and Pitfalls of...

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5
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The Plan Benefits and Pitfalls of Planning How to Make a Plan that Works Planning from Top to Bottom Decision Making
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Planning Planning Choosing a goal and developing a method of strategy to achieve that goal
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Benefits of Planning Benefits of Planning Creation of Task Strategies Intensified Effort Persistence Direction
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Pitfalls of Planning Pitfalls of Planning Detachment of Planners Impedes Change and Adaptation False Sense of Certainty
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How to Make a Plan That Works Set Goals Develop Commitment Develop Effective Action Plans Track Progress Toward Goal Achievement Maintain Flexibility Revise existing plan or Begin new planning process
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Setting SMART (ER) Goals Goals Commitment Action Plans Progress Flexibility
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Developing Commitment to Goals The determination to achieve a goal can be increased by… - setting goals collectively - making goals reasonable - making goals public - Obtaining top management support Goals Commitment Action Plans Progress Flexibility
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Developing Effective Action Plans Specific Steps People Resources Time Period An Action Plan Lists… Goals Commitment Action Plans Progress Flexibility How Who What When
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Tracking Progress Set… Proximal Goals Distal Goals Gather and provide… Performance Feedback Goals Commitment Action Plans Progress Flexibility and / or
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Maintaining Flexibility Option-based planning - keep options open by making small, simultaneous investments in many alternative plans wait and see how each plan evolves - invest more in promising options, less (or not at all) in others Maintains slack resources – a cushion of resources that can be used to address and adapt to unanticipated changes, problems, or opportunities Goals Commitment Action Plans Progress Flexibility
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Planning or Doing? Planning takes many hours and much effort, time and effort that could be spent doing something.
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This note was uploaded on 06/29/2011 for the course MANA 3335 taught by Professor Carlin during the Fall '08 term at University of Houston.

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04 - MGMT - Chapter05 - 5 The Plan Benefits and Pitfalls of...

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