ADM 1300 Lecture Notes - Lecture 6: Goal Setting, Scenario Planning

• School: University of Ottawa
• Department: Administration
• Course: ADM 1300
• Professor: David Delcorde

Document Summary

Maria fitzpatrick mfitz038@uottawa. ca dms 2111 (ta for dgd) Define objectives, determine where you stand, develop premises, analyze and choose among action alternatives, implement plan and evaluate results. Improves focus, flexibility, action orientation, coordination, control, and time management. 3 types: short range (1 year or less), intermediate range and long range plans (3 or more: capability to deal effectively varies with time horizons, higher management levels focus on long term plans. Strategic, operational and tactical plans: strategic: broad, comprehensive, longer term action directions, tactical: defines specific functions to implement strategic plans, operational: policies (broad guidelines) and procedures (describe exact actions) Budget: fixed, flexible and zero based, single use plans that commit resources to activities, events etc. Forecasting: predicting the future, qualitative (expert opinions) or quantitative (mathematical or statistics) Contingency planning: short term, anticipate changing conditions. Scenario planning: long term, alternative future scenarios, worst/ best case scenarios.