GMS 200 Lecture Notes - Strategic Planning, Strategic Management, Plano Real
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GMS 200 Full Course Notes
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Planning the process of setting objectives and determining how to accomplish them (provides a sense of direction). Organizing allocating and arranging resources to accomplish tasks. Leading guiding the efforts of human resources to ensure high levels of task accomplishments. Controlling monitoring task accomplishments and taking necessary corrective action. Planning should focus on objectives that identify the specific results or desired outcomes that one intends to achieve. Planning should also create a real plan a statement or intended means for accomplishing objectives. The decision making process: define your objectives identify desired outcomes or results in very specific ways. Planning improves focus and flexibility good planning improves focus and flexibility important for performance success. An organization with focus knows what it does best, and the needs of customers. Improves action orientation planning helps people and organizations stay ahead of the competition and become better at what they are doing.