Planning - The management function that involves anticipating future trends and determining the best strategies and tactics to achieve

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Unformatted text preview: The management function that involves anticipating future trends, and determining the best strategies and tactics to achieve organizational goals and objectives.  Selection of task required to achieve organizational goals  Deciding what will be done, who will do it, where, when and how it will be done. Top Management – strategic planning  Middle Management – intermediate planning  Lower Management – operational planning process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals.  The whole company is considered, the objectives and current resources. Process of determining the contributions that subunits can make with allocated resources. Process of determining how specific tasks can be best accomplished in time with available resources. 1.Setting organizational, divisional, or unit goals1....
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This note was uploaded on 09/18/2011 for the course ECON 101 taught by Professor Cruz during the Spring '11 term at Polytechnic University of Puerto Rico.

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Planning - The management function that involves anticipating future trends and determining the best strategies and tactics to achieve

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