MGT 3200 Lecture Notes - Lecture 3: Plans, Geostationary Operational Environmental Satellite, Phase 2
Document Summary
Mgt 3200: planning is said to have primacy as it"s the first of the management functions, planning involves two basic activities: goal setting and action planning, planning requires conceptual skills. Defensive: help the organization avoid threats in the environment: offensive: help organization exploit opportunities in the environment. Helps organizations succeed: organizations that plan tend to have higher sales and profitability. Gresham"s law of planning: planning may be neglected even when the manager has the best intentions to plan, it"s the tendency for day to day problems to overshadow planning problems, the problem is incorrect priorities. Nonplanner (aka the firefighter ): they become reactive in dealing with problems. Control or in other words, denial ain"t just. Phase 1: establishing objectives: goals should be based on environmental scanning, and should be set according to the smart model of goal setting. 20% of its activities: t- goals should be trackable, so you can get feedback.
