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Planning: The Foundation of Successful Management

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maryam matty

on 15 December 2013

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Transcript of Planning: The Foundation of Successful Management

tactical planning
done by middle managers for the
next 6-24 months
Planning

The Foundation of Successful Management
Making Plans

Establish the
organization's
mission & vision
Planning & Strategic
Management
control the stratege
implement the strategic plns
formulate
the grand
strategy
Planning & Uncertainty
Planning
coping with uncertainty by formulating future courses of action to achieved specified results
setting goals and deciding how to achieve them

mission statement
what is our reason for being?

strategic planning
done by top managers for the next 1-5 years
goal action plans

vision statement
what do we want to become
operational planning
done by first line managers
for the next 1-52 weeks
formulate the
strategic plans
then the tactical and
operational plans
Defenders
expert at producing and selling narrowly defined products

Prospectors
focus on developing new products and in seeking out new markets, rather than waiting for things to happen
Analyzers
let other organizations take the risks of product development and marketing and then imitate what seems to work best

Reactors
make adjustments only when finally forced to by environmental pressures

Four Basic Strategy Types
entrepreneurial
engineering
administrative
businesses are continuously cycling through decisions about three kinds of business problems
Adaptive Cycle
good luck
Maryam Al Yami
Full transcript