v241 ch 7 notes

v241 ch 7 notes - Ch 7 planning Planning: deciding what is...

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Ch 7 planning Planning: deciding what is to be done in the future, include analyzing situation, forecasting events, establishing objectives, setting priorities, deciding which actions are needed to achieve those objectives. Precedes all other managerial functions because managers must project a framework and a course of action before trying to achieve desired results. Planning is a managerial function every supervisor must perform every day. Strategic planning- is the process of establishing goals and making decisions that enable an organization to achieve its long and short term goal. Is a primarily a responsibility of top level managers for developing and executing strategic or long term plans Requires that middle managers and supervisors engage corresponding supportive planning activities of the organization. Is beneficial to all businesses and organizations, large or small. Mission statement vs vision statement
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This note was uploaded on 11/09/2011 for the course SPEA-V 241 taught by Professor Hughes during the Spring '10 term at Indiana.

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