Business Management Notes Chapter 5 Julia Underwood

Business Management Notes Chapter 5 Julia Underwood -...

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Business’Management’Notes’Chapter’5’Julia’Underwood Plans’and’planning’techniques: I. Planning’ sets’objectives’ and’identifies’how’to’achieve’them. A. Defines’Objectives ’ B. Determine’current’status’ compared’to’objectives ’ C. Develop’premise’regarding’future’conditions’and’generate’alternative’ scenarios’for’what’may’happen D. Analyze’alternatives’and’make’a’plan E. Implement’and’evaluate’the’plan ’ ’ ’ -’ Improved’coordination’and’control A. Planning’links’with’control’so’success’can’be’measured B. Hierarchies’of’objectives’ –’ lower’level’objectives’help ’ accomplish’ higher’ plans.’ C. Types’of’plans’ 1.’ ’ Short-range’and’long -range’plans. ’ 2.Strategic’ and’operational’plans. ’ 3.’ Organizational’policies’and’procedures’are’plans. 4.’ Budgets’are’plans’that’commit’resources’to’activities.
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Business Management Notes Chapter 5 Julia Underwood -...

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