Fundamentals of Planning

It provides road maps for guiding, coordinating, and controlling the firm’s actions to achieve its objectives.

• Management planning

• Operational Planning

• Strategic Planning

• Planning

Cleaning out your closet

• Long Term Plan

• Short Term Plan

Saving for retirement

• Long Term Plan

• Short Term Plan

What does the S stand for in SMART GOALS

• Specific

• Special

• Standard

• Sports

What does the A stand for in SMART goals

• Answer

• Achieve

• Attainable

• Application

Set broad, comprehensive, and longe-term action directions for the entire organization

• Strategic

• Vision

• Tactical

• Functional

• Operational

Purpose of the organization and what it hopes to be in the future.

• Vision

• Mission

• Goal

• Objective

Creates alternative future actions to counter the inevitable changes for large impact.

• Forecasting

• Contingency

• Scenario

• Benchmarking

• Process of setting mutually agreed-upon goals and using those goals to evaluate employee performance

• Traditional Process

• Management by Objectives (MBO)