entire organization MANAGERIAL

1. Strategic Define organization’s goals

ACTIVITY
Establish overall goals Establish strategy => goals
broad Develop plans
2. Operational
particular operational area not written down
Informal
Narrow 2 TYPES short-term focus
3. Long-Term
specific to an organizational unit
> 3y
8 TYPES OF PLANS
written
≤ 1y Formal
4. Short-Term long-term focus
clearly defined
5. Specific PLANNING 1 shared goals for organization
interpretation
Provides direction
Flexible plans
6.Directional Reduces uncertainty
set general guidelines 4 PURPOSES
Minimizes waste and redundancy
one-time plan
Establishes goals/ sets standards for
unique situation 7. Single-Use controlling
guidance for repeated activities Formal planning => positive financial results
Planning and Quality effects > quantity done
policies, rules, and procedures 8. Standing Performance
Financial Goals external environment performance
financial performance planning time frame: > 4y to see affect
ELEMENTS
performance with external environment's Strategic Goals
factors desired outcomes or targets
4 TYPES OF GOALS Goal
Broadly-worded official statements (Objectives) Provide direction and evaluation criteria
Stated Goals
Documents outline how goals be met
Goals organization actually pursues Plans
Real Goals include resource allocations, schedules