Podcast
Questions and Answers
A rule is defined as a guiding principle that explains the way things are done around here.
A rule is defined as a guiding principle that explains the way things are done around here.
False
A single-use plan is designed for a particular or unique situation.
A single-use plan is designed for a particular or unique situation.
True
Procedures are a series of steps that must be followed to achieve a specific goal.
Procedures are a series of steps that must be followed to achieve a specific goal.
True
A program governs a single activity designed to achieve a specific goal.
A program governs a single activity designed to achieve a specific goal.
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A budget outlines how resources should be allocated in a company.
A budget outlines how resources should be allocated in a company.
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A mission statement describes what an organization needs to do now to achieve its vision.
A mission statement describes what an organization needs to do now to achieve its vision.
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The primary focus of strategic planning is on short-term objectives.
The primary focus of strategic planning is on short-term objectives.
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Operational planning is a type of planning that is applied broadly to the entire organization.
Operational planning is a type of planning that is applied broadly to the entire organization.
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Tactical planning focuses on implementing the actions required to achieve the strategic plan.
Tactical planning focuses on implementing the actions required to achieve the strategic plan.
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UiTM's mission focuses on enhancing the knowledge and expertise of Bumiputeras.
UiTM's mission focuses on enhancing the knowledge and expertise of Bumiputeras.
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Barriers to planning can be easily overcome without any effort.
Barriers to planning can be easily overcome without any effort.
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Operational plans are created only for long-term objectives of an organization.
Operational plans are created only for long-term objectives of an organization.
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Planning provides a road map to help an organization achieve its goals.
Planning provides a road map to help an organization achieve its goals.
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The importance of planning includes promoting unity within an organization.
The importance of planning includes promoting unity within an organization.
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Standing plans are created for unique situations that do not recur frequently.
Standing plans are created for unique situations that do not recur frequently.
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Tactical planning is characterized by its focus on the overall purpose and objective of an organization.
Tactical planning is characterized by its focus on the overall purpose and objective of an organization.
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A vision statement describes the current state of an organization.
A vision statement describes the current state of an organization.
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Rules are general guidelines used for decision making within an organization.
Rules are general guidelines used for decision making within an organization.
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A tactical plan typically covers longer periods of time than an operational plan.
A tactical plan typically covers longer periods of time than an operational plan.
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Tactical planning is considered a long-term approach to achieve organizational goals.
Tactical planning is considered a long-term approach to achieve organizational goals.
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Policy and program are examples of types of planning.
Policy and program are examples of types of planning.
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Policies provide a framework for making consistent decisions within an organization.
Policies provide a framework for making consistent decisions within an organization.
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One of the benefits of planning is that it reduces overlapping resources.
One of the benefits of planning is that it reduces overlapping resources.
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The vision of UiTM is to produce graduates with no ethical standing.
The vision of UiTM is to produce graduates with no ethical standing.
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Operational planning should not be aligned with tactical or strategic planning.
Operational planning should not be aligned with tactical or strategic planning.
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Procedures specify how to handle specific situations that arise routinely.
Procedures specify how to handle specific situations that arise routinely.
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Operational planning is typically related to policies and procedures that guide everyday tasks.
Operational planning is typically related to policies and procedures that guide everyday tasks.
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The participatory work environment is not a benefit of planning.
The participatory work environment is not a benefit of planning.
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Strategic planning involves handling immediate and urgent issues within the organization.
Strategic planning involves handling immediate and urgent issues within the organization.
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Study Notes
Planning
- Planning is the process of outlining activities to achieve organizational goals. It involves determining how to reach those objectives.
Learning Objectives
- Concept of planning: Defining planning, including its purpose and application.
- Benefits of planning: Exploring the advantages of planning, such as improved coordination, forward-thinking, resource utilization, efficient control systems, and reduced overlapping efforts.
- Vision and mission statement: Understanding the organization's vision and its purpose.
- Types of planning: Categorizing different types of plans, including strategic, tactical, operational, standing plans, and single-use plans.
- Barriers and overcoming barriers to planning: Identifying challenges associated with effective planning and techniques to overcome those challenges, including lack of commitment, inappropriate goals, resistance to change, demands on leadership's time. and lack of top management support.
Components of Planning
- Definition: Establishing the precise meaning and criteria of planning within the organization.
- Benefits: Discussing the positive aspects derived from utilizing planning strategies within the company.
- Vision: Outlining the organization's aspirations for the future.
- Mission: Detailing the organization's core purpose and intended approach to accomplishing its objectives.
- Importance: Emphasizing the significance of planning in achieving organizational objectives.
- Types: Classifying the various types of plans, such as strategic, tactical, and operational plans, which differ in their scope and time horizons.
- Barriers: Identifying potential challenges hindering effective planning within an organization.
- Overcoming: Presenting strategies for surmounting the identified barriers.
Types of Planning
- Strategic planning: The process by which an organization makes decisions and takes actions affecting its long-term performance. It's a long-term plan by executive management.
- Tactical planning: The plan that implements all goals from the strategic plan. It outlines the necessary actions for achieving strategic goals.
- Operational planning: Specific implementation steps to support strategic and tactical planning. It governs day-to-day organizational operations.
- Standing plan: Recurrent plans that address frequently occurring problems or situations within a business.
- Single-use plan: Plans developed for one-time events, addressing specific or unique situations as they occur.
Components of Single-Use Plan
- Policy: General guidelines for decision-making within the organization.
- Procedure: A specified plan for executing a particular task or action in a specific situation that routinely occurs.
- Rules: Detailed and specific regulations for action.
- Program: A comprehensive set of activities aimed at accomplishing particular objectives.
- Project: Plan directing individuals or work groups towards achieving organizational goals.
- Budget: Allocating financial resources for specified projects or functions.
Additional Considerations
- Planning must be clear and definite.
- Planning must be organized.
- Involve employees in the decision-making process.
- Tolerate diversity of views.
- Encourage strategic thinking.
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Description
Test your knowledge on various business planning concepts including rules, procedures, and strategic vs operational planning. This quiz covers essential definitions and applications of planning in organizations. Understand the differences between single-use plans and ongoing tactical actions.
