GMS 200 Chapter Notes - Chapter 6: Specific Performance, Scenario Planning, Participatory Planning

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

Document Summary

Objectives: identify the specific results or desired outcomes that one intends to achieve. Plan: is a statement of indented means for accomplishing objectives. Planning: the process of setting objectives and determining how to best accomplish them. Steps in the planning process: define your objectives, determine where you stand vis- -vis objectives, develop premises regarding future conditions, analyze and choose among action alternatives. Complacency trap: being carried along by the flow of events. 1. 2 describe the types of plans manager use. Higher management levels focus on longer time horizons. Production plans dealing with work methods and technology. Financial plans dealing with money and capital investments. Facilities plans dealing with facilities and work layouts. Logistics plans dealing with suppliers and acquiring inputs. Marketing plans dealing with selling and distributing goods and services. Human resource plans dealing with building a talented workforce. Operational plans: identifies short-term activities to implement strategic plans. Policy: a standing plan that communicates broad guidelines for decisions and action.