MGMT 2130 Chapter Notes - Chapter 5: Decision-Making, Vision Statement, Nominal Group Technique
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16 Aug 2016
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Choosing a goal and developing a method or strategy to achieve that goal.
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Intensified effort
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Persistence
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Direction
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Creation of task strategies
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Benefits
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Impede change and prevent or slow needed adaptation
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False sense of certainty
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Detachment of planners
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Disadvantages
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Planning
How to make a plan that works
Goals must be specific and challenging
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Specific
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Measurable
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Attainable
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Realistic
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Timely
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SMART goals
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1. setting goals
Determination to achieve a goal; best to set goals collectively
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Goal commitment
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2. Developing commitment to the goals
Lists the specific steps
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Action plan
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3. Developing effective plans
4. Tracking progress toward goal achievement
May be more motivating and rewarding
Proximal goals - short term goals or subgoals
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Distal goals - long-term or primary
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Two accepted methods
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Provide performance feedback
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5. maintaining flexibility
Adopt an option-based approach
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Maintaining flexibility by making small, simultaneous investments in many alternative
plans
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Option-based planning
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Cushion of resources such as extra time, people, money, or production capacity, that can
be used to address and adapt to unanticipated changes, problems, or opportunities
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Slack resources
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Planning from top to bottom
Chapter 5 - Planning and Decision Making
July 14, 2016
6:54 PM
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