Podcast
Questions and Answers
What are documents that outline how goals are going to be met and usually include resource allocations, schedules, and other necessary actions to accomplish the goals?
What are documents that outline how goals are going to be met and usually include resource allocations, schedules, and other necessary actions to accomplish the goals?
Which type of goals are related to the performance of the firm relative to factors in its external environment, such as competitors?
Which type of goals are related to the performance of the firm relative to factors in its external environment, such as competitors?
What factor can reduce the impact of planning on performance, according to the text?
What factor can reduce the impact of planning on performance, according to the text?
What is required before planning begins to affect performance?
What is required before planning begins to affect performance?
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What is the primary purpose of planning in an organization?
What is the primary purpose of planning in an organization?
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What is formal planning in an organization characterized by?
What is formal planning in an organization characterized by?
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What does planning help to minimize in an organization?
What does planning help to minimize in an organization?
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What is formal planning associated with in an organization?
What is formal planning associated with in an organization?
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In the traditional approach to planning, who is primarily responsible for the planning process?
In the traditional approach to planning, who is primarily responsible for the planning process?
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What is the role of a formal planning department in the traditional approach to planning?
What is the role of a formal planning department in the traditional approach to planning?
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How should managers develop plans in uncertain environments according to the text?
How should managers develop plans in uncertain environments according to the text?
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What is the purpose of environmental scanning according to the text?
What is the purpose of environmental scanning according to the text?
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Study Notes
Types of Plans and Goals
- Documents outlining how goals will be met, including resource allocation, schedules, and actions, are called plans.
- Goals related to firm performance relative to external factors (e.g., competitors) are strategic goals.
Planning and Performance
- A factor that can reduce planning's impact on performance is inflexibility.
- For planning to impact performance, implementation is required.
- The primary purpose of planning is to improve organizational performance.
Formal Planning
- Formal planning is characterized by a systematic process with defined steps.
- Planning helps minimize uncertainty and its impact.
- Formal planning is associated with higher organizational performance.
Traditional Planning Approach
- In the traditional approach, top managers are primarily responsible for planning.
- The formal planning department in the traditional approach is responsible for developing and coordinating plans.
Planning in Uncertain Environments
- In uncertain environments, managers should develop flexible plans that can adapt to changing circumstances.
Environmental Scanning
- Environmental scanning helps organizations identify opportunities and threats in their external environment.
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Description
This quiz covers the nature and purposes of planning, types of organizational goals, plans used by organizations, approaches to goal-setting and planning, and personal goal setting techniques. It also includes discussion on contemporary issues in planning work activities.
