GMS 200 Lecture 6: Chapter 6

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

Document Summary

Planning is the process of setting objectives and determining how to best accomplish them: planning sets the stage for organization, leading and controlling by providing direction. 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 stand in reaching the objectives; know what strengths work in your favour and what weakness may 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. Implement the plan and evaluate results: take action and carefully measure your progress toward objectives.