GMS 200 Lecture Notes - Lecture 4: Goal Setting

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

Document Summary

Planning the process of setting objectives and determining how best to accomplish them. Objective and goals identify the specific results or desired outcome that one intends to. Plan a statement of action steps to be taken in order to accompl ish the objectives achieve. Long-term plans look three or more years into the future. Short-term plans typically cover one year or less strategy help accomplish the overall strategy the entire organization or a major division. Strategic plans set broad, comprehensive, and longer-term action directions for. Vision clarifies purpose of the organization and what it hopes to be in the future. Tactical plans specify how the organizations resources are used to implement. Functional plans indicate how different components within the organization will. Production plans - deal with work methods and technologies. Financial plans - deal with money and capital investments. Facilities plans - deal with physical space and work layouts. Logistics plans - deal with suppliers and acquiring resource inputs.