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Flashcards in Chapter6 Deck (26):
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Plan

A STATEMENT of intended means for accomplishing objectives

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5 Steps of the planing process

1) define objectives2) determine where you stand 3) dvt premices regarding futur conditions 4) Identify action alternatives and make plans 5) Implement Plan + eveluate results

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3 Benefits of planing

- Improves Focuse and Flexibility - Imporves Action Orientation- Improves coordination and control

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Strategic plan

Identifies long term direction for the organization

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Vision

Clarifies the PURPOSE of an organization and expresses what it hopes to be in the future

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Tactical plan

Helps implement all parts of a strategic plan

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Functional Plan

Indicates how different operations within the organization will help advance the overall strategy

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Operational Plan

Identifies short term strategies to implement strategic plan

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Policy

Plan that comunicates broad guidelines for decisions and actions

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Procedure/ Rule

Precisely describes actions that are to be taken in specific situations

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Budget

A plan that commits resources to projects and activities

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Zero based Budget

Allocation of resources as if each budget were brand new

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Forecasting

Attempts to predict the future

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Contingency Planning

Identifies alternative courses of action to take when things go wrong

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SMART Goal

SpecificMeasurable Attainable Reffered to Timely

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Planning

The PROCESS of setting objectives and determining how to accomplish them

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Objectives

Specific results that one wishes to achieve

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Complacency Trap

Being carried along by the flow of events

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Scenario Planning

Identifies alternatives future senarios and makes plans to deal with each

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Benchmarking

Uses external and internal comparaison to plan for future improvements

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Best Practices

Things people and organizations do that lead to supperior perfromance

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Hierarchy of Goals / Objectives

Lower lavel objectives are means to accomplish higher level ones

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Management by Objectives (MBO)

PROCESS of joint objective setting between a superior and subordinate

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Improvement Objectives

Intentions for specific improvements

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Personal Developement Objectives

Intention for personal growth through knowledge and skills development

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Participatory Planning

Include the person that will be affected by the plan and/or those who will implement them