GMS 200 Chapter Notes - Chapter 6: Specific Performance, Stretch Factor
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GMS 200 Full Course Notes
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Planning the process of setting objectives, deciding how to accomplish them. Five steps in the planning process are: define your objectives, determine where you stand in your objectives, develop your premises regarding future conditions. Identify and choose among alternative ways of accomplishing objectives. Objectives specific results that one wishes to receive. Plan a statement of intended means for accomplishing objectives. The roles of planning and controlling in the management process: planning to set the direction. Decide how best to go about it: organizing to create structures, controlling to ensure results. Take corrective action: leading to inspire effort. Benefits of planning: improves focus and flexibility, improves action orientation, improves coordination and control, improves time management. Strategic plans identifies long-term directions for the organization: a vision clarifies the purpose of the organization and expresses what it hopes to be in the future.