MGT 330 - Ch. 5 - Planning(1) PPT

Planningcanbedescribedassettinggoalsand

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Unformatted text preview: evement and specifies the necessary resources allocations, schedules, tasks, and other actions Planning can be described as setting goals and deciding how to achieve them. Planning is also coping with uncertainty by formulating future courses of action to achieve specific results Planning and Strategy Management Planning Benefits of Planning Benefits Helps you check on your progress Helps you coordinate activities Helps you think ahead Cope with uncertainty How Organizations Respond to Uncertainty Uncertainty Four Basic Strategy Types: – Defenders – Prospectors – Analyzers – Reactors The Adaptive Cycle The Portrays businesses as continuously cycling through decisions about three kinds of business problems and includes: – Entrepreneurial – Engineering – Administrative Fundamentals Of Planning Fundamentals Fundamentals Of Planning Fundamentals Three Levels of Management and Three Types of Planning Goals Goals A goal or objective is a specific commitment to achie...
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