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GMS 200 (566)
Chapter 6

Chapter 6 - Planning Processes and Techniques.docx

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Global Management Studies
GMS 200
Shavin Malhotra

Chapter6PlanningProcessesAndTechniquesPlanning is the process of setting objectives and determining how to accomplish them It sets the stage for the other by providing a sense of directionObjectives are specific results that one wishes to achieveA plan is a statement of intended means for accomplishing objectivesPlanning involves 5 critical stepsoDefine your objectivesoDetermine where you stand visvis objectivesoDevelop premises regarding future conditionsanticipate future eventsoAnalyze alternatives and make a planlist and evaluate possible actionsoImplement the plan and evaluate resultsOne thing to avoid is the complacency trapwhich is simply being carried long by the flow of eventsOne type of plan us
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