Textbook Notes (363,260)
Canada (158,278)
GMS 200 (566)

GMS 200 CH 6.docx

2 Pages
Unlock Document

Ryerson University
Global Management Studies
GMS 200
Bamidele Adekunle

CH 6 – Planning Processes and Techniques Why and How Managers Plan Planning is part of the management process; it is the process of setting objectives and determining how to accomplish them. Importance of Planning: It creates a solid platform for the other management functions: organization (creates structures)—allocating and arranging resources to accomplish tasks; leading (inspires effort)—guiding the efforts of human resources to ensure high levels of task accomplishment; and controlling (ensure results)— monitoring task accomplishments and taking necessary corrective action. Planning basically sets the direction. The Planning Process: 1) 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, or know how far off the mark you are at various points along the way 2) Determine where you stand regarding objectives—evaluate current accomplishments relative to the desired results. Know where you stand in reaching the objectives; know what strengths work in your favour and what weaknesses may hold you back 3) Develop premises regarding future conditions—anticipate future events. Generate alternative “scenarios” for what may happen; identify for each scenario things that may help or hinder progress toward your objectives 4) Analyze alternatives and make a plan—list and evaluate possible actions. Choose the alternative most likely to accomplish your objectives; describe what must be done to follow the best course of action 5) Implement the plan and evaluate results—take action and carefully measure your progress toward objectives. Follow through by doing what the plan requires; evaluate results, take corrective action, and revise plans as needed Benefits of Planning 1) Planning Improves Focus and Flexibility: good planning improves focus and flexibility. Good focus means you know what is best; know what the customers need and how to serve them well; for individuals you know where you want to go. Flexibility allows for organizations to be able to change and adapt to changing circumstances, and operate with an orientation toward the further rather than the past; for individuals you can be flexible with career plans and developing opportunities. 2) Planning Improves Action Orientation- Complacency trap is simply being carried along by the flow of events; planning helps avoid complacency trap. Good planning makes us more 1) results-oriented— creating performance-oriented sense of direction, 2) priority-oriented—making sure the most important things get first attention, 3) advantage-oriented—ensuring that all resources are used to best advantage and 4) change-oriented—anticipating problems and opportunities so they can be best dealt with. 3) Planning Improves Coordination and Control: When plans are coordinated among people and subsystems, there is a greater likelihood that their combined accomplishments will advance performance for the organization. When planning is done well it facilitates control. Planning and controlling work closely together in the management process, without planning control lacks objectives and standards for measuring how well things are going and what can be done to make it better. Without control, planning lacks the follow-through needed to ensure that things work out as planned. Planning and Time Management: planning is essential to good time management Types of Plans Used by Managers Long-Range (3 or more years) and Short-Range Plans (1 year or less): Career progress to higher management levels requires the conceptual skills to work well with longer-range time frames. People vary in their capability to deal effectively with different time horizons. Strategic and Tactical Plans: Strategic Plans- identifies long-term directions for the organization. It sets broad directions for an organization and creates a framework for allocating resources for max; long-term performance impact. It is part of the strategic management process. Beginning with a vision that clarifies the purpose of the organization and expresses what it hopes to be in the future, and it involves determining the goals and objectives that will be pursued in order to accomplish the vision. Tactical plans- help to implement all or parts
More Less

Related notes for GMS 200

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.