MGT-2010 Lecture Notes - Lecture 5: Performance Appraisal, Firstline

47 views2 pages

Document Summary

Planning : (1) setting goals and deciding how to achieve them, (2) coping with uncertainty by formulating future courses of action to achieve specified results. Business model : outlines the need the firm will fill, the operations of the business, its components and functions, as well as the expected revenues and expenses. Strategy : a large scale action plan that sets the direction for an organization. Strategic management : process that involves managers from all the parts of the organization in the formulation and the implementation of strategies and strategic goals. Planning process begins with 2 attributes: mission & vision statement. Vision : long-term goal describing what an organization wants to become, it is a. Vision statement : expresses what the organization should become, where it wants clear sense of the future and the actions needed to get there to go strategically. 3 types of planning for 3 types of management.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents