Approaches to planning Flashcards
1
Q
Two types of planning approaches
A
Inside-Out and Outside-In planning
2
Q
Inside-Out Planning
A
focus on doing what you already know how to do, but requires it to be done as best as it can be done
3
Q
Outside-in Planning
A
Analyze the external environment and makes the internal adjustments necessary to exploit the opportunity
4
Q
Top and Bottom planning types
A
Top-Down and Bottom-Up planning
5
Q
Top-Down
A
Top/upper management sets the broad objectives
Then allows lower management to make plans within these constraints
6
Q
Bottom-Up
A
Develop at lower levels of management without constraints
Then passed on to upper management levels for approval
7
Q
Contingency planning
A
Involves ideas for alternative courses of action . Back-up plan
