GMS 200 Lecture Notes - Stretch Factor, Participatory Planning, Personal Development

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

Document Summary

Planning: is the process of setting objectives and determining how to accomplish them. Objectives: are the specific results that one wishes to achieve. A plan: is a statement of intended means for accomplishment objectives. Complacency trap: is being carried along by the flow of events. Operational plan: identifies short term activities to implement strategic plans. Scenario planning: identifies alternative future scenarios and makes plans to deal with each. Benchmarking: uses external and internal comparison to plan for future improvements. Best practices: are things people and organizations do that lead to superior performance. Hierarchy of goals or objectives: lower level objectives are means to accomplishing high level ones. Participatory planning: includes the persons who will be affected by plans and/or those who will implement them. 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.