FOUNDATION OF PLANNING - PowerPoint PPT Presentation

1 / 13
About This Presentation
Title:

FOUNDATION OF PLANNING

Description:

Title: Management 8e. - Robbins and Coulter Subject: Chapter 7 Author: Charlie Cook, University of West Alabama Last modified by: Nguyen Van Thang – PowerPoint PPT presentation

Number of Views:66
Avg rating:3.0/5.0
Slides: 14
Provided by: Charlie225
Category:

less

Transcript and Presenter's Notes

Title: FOUNDATION OF PLANNING


1
FOUNDATION OF PLANNING
2
What Is Planning?
  • A primary functional managerial activity that
    involves
  • Defining the organizations goals
  • Establishing an overall strategy for achieving
    those goals
  • Developing a comprehensive set of plans to
    integrate and coordinate organizational work.
  • Types of planning
  • Informal not written down, short-term focus
    specific to an organizational unit.
  • Formal written, specific, and long-term focus,
    involves shared goals for the organization.

3
Why Do Managers Plan?
  • Provides direction
  • Reduces uncertainty
  • Minimizes waste and redundancy
  • Sets the standards for controlling

4
How Do Managers Plan?
  • Elements of Planning
  • Goals (also Objectives)
  • Desired outcomes for individuals, groups, or
    entire organizations
  • Provide direction and evaluation performance
    criteria
  • Plans
  • Documents that outline how goals are to be
    accomplished
  • Describe how resources are to be allocated and
    establish activity schedules

5
Characteristics of Well-Designed Goals
  • Written in terms of outcomes, not actions
  • Focuses on the ends, not the means.
  • Measurable and quantifiable
  • Specifically defines how the outcome is to be
    measured and how much is expected.
  • Clear as to time frame
  • How long before measuring accomplishment.
  • Challenging yet attainable
  • Low goals do not motivate.
  • High goals motivate if they can be achieved.
  • Written down
  • Focuses, defines, and makes goal visible.
  • Communicated to all
  • Puts everybody on the same page.

6
Example of Companys Goals
  • Example 1 Companys goals for 2015
  • Become internationally recognized
  • Improve product quality
  • Increase revenue and profit
  • Improve customers satisfaction
  • Example 2 A production team
  • Improve quality
  • Improve productivity
  • Ensure high safety level

7
Procter Gambles OGSM Technique
  • What needs to be done
  • Objectives
  • written statement of compelling business needs
  • Goals
  • numerical target and scorecard to track progress
    toward meeting objectives

8
Procter Gambles OGSM Technique (cont.)
  • How we will achieve our objectives
  • Strategies
  • written statement of specific actions that must
    be taken to meet objectives
  • Measures
  • numerical measures to track progress on executing
    specific actions

9
Balanced Goals from Different Perspectives
  • Financial Perspective
  • Profitability, Return on Investment
  • Customer Perspective
  • Satisfaction, market share, repeated customers
  • Internal Perspective
  • System, operation, capability
  • Learning Perspective
  • New technology, management, ideas,

10
Characteristics of Good Plan
  • Prediction of environmental trends
  • Scenarios
  • Goals
  • SMART specific, measurable, attainable,
    realistic, and time
  • Resources
  • Feasible but stretching
  • Actions
  • Specific, clear, integrated, fit with goals
  • Changes flexible and creative

11
Example A Business Plan
  • Business objectives
  • Functional objectives
  • Finance, marketing, HR, production, RD, ...
  • Resources
  • Finance, HR, management, IT, ...
  • Actions

12
Case Bookstore
  • From Management and Planning perspective,
    explain
  • Why the Bookstore succeeded in early days?
  • Why did it fail later?
  • What do you learn?

13
Team Project Your Teams Goals and Plans
Write a Comment
User Comments (0)
About PowerShow.com