Chapter 5 Flashcards
It is a continuous process of assessing and establishing goals and objectives
PLANNING
It is a plan that is usually prepared by the upper levels of management and it serves as basis for operating plan
STRATEGIC PLANNING
It is a plan in which activities in specific departments of an organization. It deals with tactics or techniques for accomplishing things.
OPERATING PLAN
It is a plan in which activities in specific departments of an organization. It deals with tactics or techniques for accomplishing things.
OPERATING PLAN
This plan needs mapping of the day-to-day activities
CONTINUOUS/ROLLING PLAN
What are the 3 Purposes of Planning:
- To increase the chance of success by focusing on results, not on activities.
- To force analytic thinking and evaluation of alternatives, therefore improving decisions.
- To orient people to action, instead of reaction.
What are the PRINCIPLES of PLANNING
1.It is based on the vision, mission, philosophy and clearly defined objectives of the organization.
2. Is a continuous process.
3. It should be pervasive within the entire organization covering the different departments, services and the different levels of management to provide maximum cooperation and harmony.
4. Utilizes all available resources.
5. Must be precise in its scope and nature. It should be realistic and focus on its expected outcome.
6. Should be time bound.
7. Must be documented for proper dissemination to all concern for implementation and evaluation.
Characteristic of a Good Plan
- precise, with clear objectives, with desired results and methods for evaluation.
- guided by policies and /or procedure affecting the planned action.
- indicate priorities.
- develop actions that are flexible and realistic in terms of available personnel, equipment, facilities and time.
- develop a logical sequence of activities.
- include the most practical methods for achieving each objectives.
- pervade the whole organization.
- looking into the future
Forecasting
it outlines the organizations future role and function
Vision
a pre-establish and often self-imposed objectives or purpose
Mission
=it is the statement of beliefs and values
Philosophy
desired aims or condition
Goal
desired short-term condition or achievement
Objectives
allocating of one’s time
Time management
The planning formula are
What-When-Where-How-Who-Why-Can
Principles of management which is Thinking of other options.
Planning for contingencies
Calendar of activities
List of task
Looking at the task done and not done
Inventory
Prioritizing
Sequencing
Do not procrastinate
Setting and keeping deadline
Give a portion of the task to those who can do it
Delegating
When several tasks are done in less time
Multitasking
is a systematic financial translation of a plan
Budgeting
