GMS 200 Lecture 6: Week 6 (8)

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

Document Summary

Planning: the process of setting objectives and determining how to best accomplish them. 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. Succession planning at ge: ge had 23 potential candidates in 1994. In november 2000, ge announced that jeff immett would succeed jack welch as the chairman and ceo of the company. Short-range and long-range plans: short-range plans:1 year or less. People vary in their capability to deal effectively with different time horizons. Higher management levels focus on longer time horizons. Policies and procedures: policy, broad guidelines, policy on international students, rules or procedures, actions to be taken in specific situations, procedure for nominate teaching assistant award, rules on handling student academic dishonesty. Operational plans: budgets, single-use plans that commit resources to activities, projects, or programs.