GMS 200 Lecture Notes - Lecture 5: Stretch Factor

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Deborah De Lange

Document Summary

Five steps in the systematic planning process are as follows: Define your objectives identify desired outcomes or results in very specific ways. Know where you want to go; be specific enough that you will know you have arrived when you get there, or know how far off the mark you are at various points along the way. Determine where you stand vis a vis objectives evaluate current accomplishments relative to the desired results. Know where you stand in reaching the objectives; know what strengths work in your favour and what weaknesses my hold you back. Develop premises regarding future conditions anticipate future events. Generate alternative scenarios for what may happen; identify for each scenario things that may help or hinder progress toward your objectives. Analyze alternatives and make a plan list and evaluate the possible actions. Choose the alternative most likely to accomplish your objectives; decide what must be done to follow the chosen course of action.