CH. 5 Flashcards
(8 cards)
Goal
A desired future state that the organization wants to realize.
Plan
A blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals.
Planning
The management function concerned with defining goals for future performance and how to attain them.
Strategic goals (official goals)
A broad statement of where an organization wants to be in the future; pertains to the organization rather than to specific divisions or departments.
Strategic plans
Action steps by which an organization intends to attain strategic goals.
Tactical goals
The outcome that major divisions and departments must achieve for an organization to reach its overall goals.
Tactical plans
Designed to help execute major strategic plans and to accomplish a specific part of a company’s strategy.
Operational goals
A specific, measurable result that is expected from departments, work groups, and individuals.