SOCSCI 2OP3 Lecture 2: Preparing to Plan - Understanding the Importance of Planning Developing Goals from Your M,V, & V

• School: McMaster University
• Department: Social Sciences
• Course: SOCSCI 2OP3
• Professor: Duncan

Document Summary

Preparing to plan - understanding the importance of. Planning developing goals from your m,v, & v. How to develop an annual operating plan: prepared. Upon completion of the strategic plan, an operating plan for the upcoming year must be. An operating plan is a schedule of events and responsibilities that details the actions to be taken in order to accomplish the goals and objectives laid out in the strategic plan. An organization should have annual operating plans for each major organizational unit that corresponds to its fiscal year. The plan ensures everyone knows what needs to get done, coordinates their efforts when getting it done, and can keep close track of how it is getting done and whether it got done. This is key for employees to feel a sense of accomplishment and making a difference. Example: imagine you are driving a car on a vacation. It is important to have a destination in mind -- your "long-range goal. "