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101OM > Quarter 1 | Lesson 5: Nature, Types, and Levels of Planning > Flashcards

Quarter 1 | Lesson 5: Nature, Types, and Levels of Planning Flashcards

1
Q

the first management function; a very essential component of management; it provides direction to all of the organization’s human resources

A

planning

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2
Q

it is the process that involves the setting of the organization’s goals, establishing strategies for accomplishing those goals, and developing plans of action or means that managers intend to use to achieve organizational goals

A

planning

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3
Q

according to ___ and ___, “planning involves selecting missions and objectives and the actions to achieve them; it requires decision making, which is choosing from among future alternative course of action

A

Weihrich and Koontz

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4
Q

____ defines planning as “deciding the best alternatives among others to perform different managerial operations to achieve the pre-determined goals

A

Henry Fayol

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5
Q

represent an end statement, the targets, and results that managers hope to achieve

A

goals

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6
Q

represent the means by which an organization goes ahead to attain its goal

A

action plan

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7
Q

nature of planning:

A

planning is goal oriented, futuristic in nature, exists in all managerial activities, not a guess word, and flexible

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8
Q

a manager cannot do planning unless the goal is specified. every step specifies an action plan to be able to attain the desire goal

A

planning is goal oriented

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9
Q

planning means looking ahead

A

planning is futuristic in nature

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10
Q

planning is the primary function of managers at all levels

A

planning exists in all managerial activities

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11
Q

planning is based on facts and information

A

planning is not a guess word

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12
Q

planning is dynamic in a process capable of adjustments by the need and requirements of the situation

A

planning is flexible

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13
Q

an organization’s overall strategic direction is normally planned at this level; it is carried out by the senior leadership within an organization; involves the identification and a strong analysis of a multitude of strategic options and core competencies which focuses on a future operating environment. it implies that this level of planning is indeed necessary and may not be ignored at all during the entire lifetime of an organization

A

corporate level

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14
Q

people under corporate level of planning

A

(top-level managers) CEO, Board of Directors, and Corporate Staffs

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15
Q

oversee the development of strategies for the entire organization; high level decision about the overall direction of the entire company

A

corporate level

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16
Q

all business enterprises can be classified under certain organizations that work within certain industries. these businesses develop strategies which work at their level and that which reflect their current position and the amount of resources they have or need in respect to the competitive environment they are operating

A

business level

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17
Q

are responsible for business unit that provides products/services to particular market; take the top-level decisions in the product/business line

A

business level

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18
Q

people in the business level of planning

A

(middle-level managers) divisional managers

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19
Q

concentrates on support functions which are owned by the business enterprise, which include human resources, manufacturing, marketing, and finance departments.

A

functional level

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20
Q

supervise particular function/operation (marketing, operations, accounting, human resources)l lower level decisions to improve the business process

A

functional level

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21
Q

people under functional level of planning

A

lower-level managers

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22
Q

direction of the company (planning)

A

corporate level

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23
Q

product or business line (planning)

A

business level

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24
Q

everyday decisions (planning)

A

functional level

25
Q

a high-level overview of the entire business, its vision, mission, corporate objectives, and values. this plan is the foundational basis of the organization and will form part of the long-term decision.

A

strategic plan

26
Q

the scope of the strategic plan can be

A

two, three, five, or even ten years

27
Q

components of the strategic plan

A

vision, mission, values

28
Q

this is how the company wants to be envisioned

A

vision

29
Q

a more realistic overview of the company’s aim and ambitions

A

mission

30
Q

how the company wants to inspire the world or wants to be known

A

values

31
Q

is the basic purpose of an organization and
range of their operations

A

mission

32
Q

a mental image of what the organization will be in the future as desired by the company management and employees.

A

vision

33
Q

the identification of targets or desired ends that management wants to
reach.

A

goal setting

34
Q

describes the tactics the organization plans to use to achieve the ambitions outlined in the strategic plan. it is a short range, say less than one year, a low-level document that breaks down broader mission statement into smaller, actionable chunks

A

tactical plan

35
Q

concerned with the responsibility and functionality of lower-level departments to fulfill each part of the strategic plan

A

tactical plan

36
Q

describes the day-to-day running of the company. the operational plan charts out a road map to achieve the tactical goals within the timeframe. this plan is highly specific with an emphasis on short-term objectives.

A

operational plan

37
Q

are prepared when something unforeseen occurs or when something needs to be modified.

A

contingency plan

38
Q

business experts sometimes refers to contingency plans as a

A

special type of planning

39
Q

involves making decisions about the organization’s long-term goals

A

strategic plan

40
Q

who performs the strategic plan

A

top-level managers and corporate level

41
Q

refers to the procedures and transformation of strategic goals/plans with specific goals

A

tactical plan

42
Q

who performs the tactical plan

A

middle-level managers and business level

43
Q

involves routine tasks repeatedly done by a firm’s lower level units

A

operational plan

44
Q

who performs the operational plan

A

lower-level managers and functional level

45
Q

plans that establish the organization’s overall goals and
apply to the entire firm; they are broad in scope and are the responsibility
of the CEO, President, and General Manager of the company

A

strategic plan

46
Q

middle level management plan which refers to procedures
and transformation of strategic goals/plans with specific goals

A

tactical plan

47
Q

plans that apply to a particular unit area only; the scope
is narrow; achievement of company goals may not be achieved if it is not clear

A

operational plan

48
Q

plans that go beyond three years; everyone must
understand them to avoid confusion that may
divert the organization’s members attention

A

long-term plan

49
Q

plans that cover one year or less; such plans must lead
toward the attainment of long term goals and are the responsibility of the
unit/department heads

A

short-term plan

50
Q

plans used or stated once only as these applies to the
entire organization

A

single-use plan

51
Q

plans that are ongoing; provide guidance for different
activities done repeatedly

A

standing plan

52
Q

plans that are flexible or give general guidelines;
although flexible and general, these plans must be related to the strategic
plans

A

directional plan

53
Q

plans that are clearly stated and which have no room for
interpretation; language must be very understandable

A

specific plans

54
Q

centers on long term and broad view plan of the company.

A

strategic planning

55
Q

happens in real time seeking short term outcomes.

A

tactical planning

56
Q

narrow in scope and focuses on routine activities of
the company. It is short term and may change year after year.

A

operational planning

57
Q

all plans done by the top level managers

A

long-term plan, strategic plan, standing plan, directional plan

58
Q

all plans done by the middle-level managers

A

tactical plan, short term plan, directional plan

59
Q

all plans done by the lower-level managers

A

short-term plan, operational plan, single-use plan, specific plan

101OM (8 decks)

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