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GMS 200 (566)
Chapter 8

Chapter 8 - Planning & Controlling

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Global Management Studies
GMS 200
Shavin Malhotra

thWednesday October 27 2010Chapter 8 Planning and ControllingHow and Why Managers Plan management process planning organizing leading and controlling st1 function is planning is the process of setting objectives and determining how to accomplish themImportance of Planning when planning is done it creates a solid platform for the other management functionsOrganizing allocating and arranging resources to accomplish tasksLeading guiding the efforts of human resources to ensure high levels of task accomplishmentControlling monitoring task accomplishment and taking necessary corrective actionThe Planning Process objectives identify the specific results that one wishes to achieve the plan is a statement of intended means for accomplishing objectives the steps in the systematic planning process include 1 Define your objectives 2 Determine where you stand 3 Develop premises regarding future conditions 4 Analyze and choose among action al
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