GMS 200 Chapter 8: Chapter 8 - Planning & Controlling

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Shavin Malhotra

Document Summary

1st function is planning: is the process of setting objectives and determining how to accomplish them. When planning is done it creates a solid platform for the other management functions: Organizing: allocating and arranging resources to accomplish tasks. Controlling: monitoring task accomplishment and taking necessary corrective action. Leading: guiding the efforts of human resources to ensure high levels of task accomplishment. 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: define your objectives, determine where you stand, develop premises regarding future conditions, analyze and choose among action alternatives. The planning process is a systematic way to approach 2 important tasks (1) setting performance objectives and (2) deciding how to best achieve them. Today"s organizations are facing pressure from many sources. Example: ethical expectations, government regulations, complex technologies, uncertainties, of global economy, changing technologies.