GMS 200 Lecture Notes - Lecture 6: Participatory Planning, Human Resources

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Bamediele Adukunle

Document Summary

Planning: the process of setting objectives and determining how to best accomplish them, steps in the planning process, define your problems, determine where you stand vis-a-vis objectives, develop premises regarding future conditions, analyze and choose among action alternatives. Implement the plan and evaluate results: benefits of planning. Objective: identify the specific results or desired outcomes that one intends to achieve, plan, a statement of action steps to be taken in order to accomplish the objectives. Types of plans: short range and long-range plans, short range plans= 1 year or less. Intermediate-range plans= 1 to 2 years: long-range plans= 3 or more years, people vary in their capability to deal effectively with different time horizons, higher management levels focus on longer time horizons. Identifying alternative courses of action that can be implemented to meet the needs of changing circumstances: contingency plans anticipate changing conditions, contingency plans contain trigger points, scenario planning, a long-term version of contingency planning.