ch5 - Chapter5 PlanningandDecisionMaking Planning Planning...

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Chapter 5 Planning and Decision Making Planning Planning Benefits of Planning Pitfalls of Planning How to Make a Plan That Works Setting Goals Examples of S.M.A.R.T. Goals? * Walgreens : “Second is to hire a significant number of people with disabilities in our South Carolina distribution center, scheduled to open in 2007, and achieve 20% productivity gains there.” * UPS : “65% of drivers will have access to the new technology (implemented in 2004) by the end of 2005.” and “In 2005, we will increase operating profit in each of our 3 key businesses: domestic, int’l, supply chain.” * Wrigley : “In 2005, the company will decrease the long-term rate of return assumption for the assets of its U.S. (pension) plans from 8.75 % to 8.5%.” * Halliburton : “We estimate that 74% of the backlog existing on 12/31 will be eliminated the following fiscal year.” * Martha Stewart Living Omnimedia : “In 2004 we will discontinue the Catalog for Living and its online product options, and sell remaining inventory in early fiscal 2005.” * Starbucks : “In fiscal 2006, we plan to open approximately 1,800 net new stores globally.” Developing Commitment to Goals
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ch5 - Chapter5 PlanningandDecisionMaking Planning Planning...

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