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Terms in this set (48)Planning Choosing a goal and developing a strategy to achieve that goal SMART Goals Goals that are specific, measurable, attainable, realistic, and timely Goal Commitment Determination to achieve a goal Action Plan Plan that lists the specific steps, people, resources, and time period needed to attain a goal. Two methods to track progress 1. proximal and distal goals
Proximal goals Short term goals or subgoals Distal goals Long term or primary goals Options based planning maintaining planning flexibility by making small, simultaneous investments in many alternative plans Slack resources cushion of extra resources that can be used with options-based planning to adapt to unanticipated changes, problems, or opportunities How to make a plan that works 1. Setting goals Top management planning 1. Strategic Plan Strategic Plan Overall company plans that clarify how the company will serve customers and position itself against competitors over the next 2-5 years Purpose Statement Statement of a company's purpose or reason for existing Strategic Objective More specific goal that unifies company-wide efforts, stretches and challenges the organization, and possesses a finish line and a time frame Middle Management Planning 1. Tactical plans Tactical Plans Plans created and implemented by middle managers that specify how the company will use resources, budgets, and people over the next 6 months to 2 years to accomplish specific goals within its mission Management by objective 4 step process in which managers and employees discuss and select goals, develop tactical plans, and meet regularly to review progress toward goal accomplishment Lower level planning Operational Plans 3 types of operational plans 1. single use plans Operational Plans Day to day plans, developed and implemented by lower level managers, for producing or delivering the organization's products and services over a 30 day to 6 month period Single use plans Plans that cover unique, one time only events Standing plans Plans used repeatedly to handle frequently recurring events Types of standing plans 1.
Policies Policies Standing plans that indicate the general course of action that should be taken in response to a particular event or situation Procedures Standing plans that indicate the specific steps that should be taken in response to a particular event Rules and Regulations Standing plans that describe how a particular action should be performed or what must happen or not happen in response to a particular event Budgeting Quantitative planning through which managers decide how to allocate available money to best accomplish company goals Decision making The process of choosing a solution from available alternatives Rational Decision making Systematic process of defining problems, evaluating alternatives, and choosing alternative solutions Steps of Rational Decision Making 1. Define the problem Problem Gap between desired state and existing state Decision Criteria Standards used to guide judgements and decisions Absolute comparison Process in which each decision criterion is compared to a standard or ranked on its own merits Relative Comparison Process in which each decision criterion is compared directly with every other criterion Maximize Choosing the best alternative Satisficing Choosing a "good enough" alternative Groupthink Barrier to good decision making caused by pressure within the group for members to agree with each other C type conflict (Cognitive conflict) Disagreement that focuses on problem and issue related differences of opinion
A type conflict (Affective Conflict) Disagreement that focuses on individuals or personal issues Devils Advocacy Decision making method in which an individual or a subgroup is assigned the role of critic Dialectical Inquiry Decision making method in which decision makers state the assumptions of a proposed solution (A thesis) and generate a solution that is the opposite (Antithesis) of that solution Nominal group technique Decision making method that begins and ends by having group members quietly write down and evaluate ideas to be shared with the group Delphi method Decision making method in which members of a panel of experts respond to questions and to each other until reaching agreement on an issue Brainstorming Decision making method in which group members build on each others ideas to generate as many alternative solutions as possible Electronic Brainstorming Decision making method in which group members use computers to build on each others ideas and generate as many alternative solutions as possible Disadvantages of Brainstorming 1. Production Blocking Production Blocking Disadvantage of face to face brainstorming in which a group member must wait to share an idea because another member is presenting an idea Evaluation Apprehension Fear of what others will think of your ideas Sets with similar termsChapter 5: Planning and Decision Making39 terms mollymasters Chapter 5 - Planning and Decision Making39 terms bigmama64 MGMT Chpt 541 terms dpelleti MANA 3335: Chapter 539 terms rolloverman Sets found in the same folderChapter 660 terms hunter_blake_layne Chapter 739 terms hunter_blake_layne Chapter 836 terms hunter_blake_layne Chapter 946 terms hunter_blake_layne Other sets by this creatorModule 2 - Chapter 511 terms hunter_blake_layne Module 2 - Chapter 44 terms hunter_blake_layne Module 2 - Chapter 314 terms hunter_blake_layne Module 2 - Chapter 219 terms hunter_blake_layne Verified questions
applied math Does the point of intersection of the angle bisectors of a triangle (the incentre) always lie inside the triangle? Justify your answer. Verified answer
applied math Analyze the logical form of each of the following statements , and construct just the outline of a proof by the given method. Do not provide any details of the proof. (a) Outline a proof by contraposition that if (G, *) is a cyclic group, then (G, *) is abelian. (b) Outline a proof by contraposition that if Bi s a nonsingular matrix, then the determinant of B is not zero. (c) Outline a proof by contradiction that the set of natural numbers is not finite. (d) Outline a proof by contradiction that if xis a nonzero real number, the multiplicative inverse of x is unique. (e) Outline a two-part proof that the inverse of the function f from A to B is a function from B to A if and only iff is one-to-one and f is onto B. (f) Outline a two-part proof that a subset A of the real numbers is compact if and only if A is closed and bounded. Verified answer
applied math The twin primes 5 and 7 are such that one half their sum is a perfect number. Are there any other twin primes with this property? Verified answer
applied math The Gotham City Maternity Ward contains 2 beds. Admissions are made only at the beginning of the day. Each day, there is a .5 probability that a potential admission will arrive. A patient can be admitted only if there is an open bed at the beginning of the day. Half of all patients are discharged after one day, and all patients that have stayed one day are discharged at the end of their second day. a. What is the fraction of days where all beds are utilized? b. On the average, what percentage of the beds are utilized? Verified answer Recommended textbook solutions
 Differential Geometry of Curves and Surfaces1st EditionManfredo P Do Carmo 336 solutions Book of Proof2nd EditionRichard Hammack 340 solutions Introduction to Real Analysis3rd EditionDonald R. Sherbert, Robert G. Bartle 802 solutions Elementary Number Theory7th EditionDavid Burton 776 solutions Other Quizlet setsPSI practice test -Ana 10/27 ----82 terms acruz626 ATI science43 terms Friends2294PLUS Video Patho Content Test 2 (Immunity)213 terms nrussell2012 philosophy final55 terms ReenPeen3 Related questionsQUESTION One advantage of exponential smoothing is the limited amount of record keeping involved. 15 answers QUESTION The decision-making technique that involves graphically displaying alternatives considered in a decision and the outcomes expected as a result is termed a 15 answers QUESTION What is the basis of any defined actions (event segments) that the crime scene analyst identifies? 3 answers QUESTION When consumers have no established criteria for evaluating a product category, they engage in extensive problem solving. 8 answers What are standing plans quizlet?- Standing Plans: are plans developed for activities that occur repeatedly over a period of time. -Policy: outlines the general response to a problem. -Procedure: outlines response to a particular problem. -Rule: designates specific required action.
What is a singleSingle-use plans are developed to achieve a set of goals that are not likely to be repeated in the future. Single-use plans are developed to achieve a set of goals that are not likely to be repeated in the future. A long-term time frame is most closely associated with: strategic plans. operational plans.
Which is an example of a standing plan quizlet?The standard procedure to be followed by the human resources department of a company when initiating disciplinary action against an employee is an example of a standing plan.
Which of the following is a difference between proximal goals and distal goals?Proximal goals are objectives that are attainable in a fairly short time. For example, studying a page in the textbook may be considered a proximal goal. Distal goals are objectives that take longer to attain. For example, obtaining a university degree is a distal goal.
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What is the main difference between the single use plan and the standing plan quizlet?
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