Chapter 5 Flashcards

1
Q

Planning/Formulations

A

checks on progress
helps you cope with uncertainty
helps you think ahead

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2
Q

Defendors

A

Experts at producing NARROW selling

JCpenney tries to set up boutqiues….no bueno!!!!

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3
Q

Prospectors

A

CONSTANTLY moving! APPLE!!!!!!!

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4
Q

Analyzers

A

Lets others take risks first. MICROSOFT!

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5
Q

Reactor

A

Make adjustments finally forced to by enviromental pressures

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6
Q

Mission (ADAPTIVE CYCLE)

A

what are we?

PURPOSE

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7
Q

Vision (ADAPTIVE CYCLE)

A

where we going?

WHAT WE WANT TO BECOME

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8
Q

TOP

A

Strategic Planning

ONE TO FIVE YEARS

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9
Q

MIDDLE

A

TACTICAL PLANNING

6-24 months

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10
Q

FIRST-LINE

A

OPERATIONAL PLANNING

1 week to 1 year!!!

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11
Q

Goals

A

Objective

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12
Q

Action plan

A

Define cause of action for goal

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13
Q

Standing plan

A

repeatedely over a period of time

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14
Q

Policy

A

OUTLINES of general respnses

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15
Q

Procedure

A

PARTICULAR problem

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16
Q

Rule

A

Designates specific required plan

17
Q

Program

A

Range of projects

18
Q

Project

A

ONE ONE ONE SINGLEEEEEEEEE!

19
Q

SMART GOAL- what does it take?

A
S-PECFIC
M-EASURABLE
A-TTAINABLE
R-ESULTS
T-ARGET DATES
20
Q

MBO?

A

Jointly set objectives
develop action plan
preiodically review performance
give performance appraisal and rewards

21
Q

MBO? HOW!!?!?!

A

Top Managers

Objectives must cascade

22
Q

Planning Control Cycle

A
  1. Make Plan
  2. Carry out
  3. Control direction/compare results
  4. Control action by 2 ways/change or improve!