GMS 200 Study Guide - Multinational Corporation, Jeffrey R. Immelt, Quality Management

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

Document Summary

General mills south to have 40% of its products meet nutrition standards in 8 months. Study question 1: how do managers plan: planning. The process of setting objectives and determine how to best accomplish them: objectives. Identify the specific results of desired outcomes that one intends to achieve: plan. A statement of action steps to be taken in order to accomplish the objectives: steps in planning process: Implement the plan and evaluate results: benefits of planning. Short range and long range plans: short-range plans: 1 year or less. Intermediate-range plans: 1 to 2 years: long-range plans: 3 or more years. People vary in their capability to deal effectively with different time horizons. Higher management levels focus on longer time horizons. In 1994, 7 year before he retired from general electric company (ge), jack welch had started the succession planning process. General electic: ge is an american multinational corporation, products: appliances, aviation etc.