GMS 200 Chapter Notes - Chapter 6: Strategic Planning, Strategic Management, Plano Real

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Horatio Morgan

Document Summary

Manager"s need the ability to look ahead, make good plans, and help themselves and others meet the challenges of the future. The future is full of uncertainty; the likelihood is that even the best of plans will have to be adjusted and changed at some point. Managers need the insight and courage to be flexible in response to new circumstances. They also need the discipline to stay focused on goals even as complications and problems arise. Management process was described as planning, organizing, leading, and controlling the use of resources to achieve performance objectives. Planning, sets the stage for the others by providing a sense of direction. It is a process of setting objectives and determining how best to accomplish them. Planning involves deciding exactly what you want to accomplish and how best to go about it. In today"s demanding organizational and career environment, it is essential to stay one step ahead of the competition.