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Chapter 4: Planning and Decision Making (How to make a plan work (Set…
Chapter 4: Planning and Decision Making
Planning
:Choosing a goal and developing a method or strategy to achieve that goal
Benefits of planning
Intensified effort
Persistence
Direction
Creation of task strategies
Pitfalls of planning
Impeded change and slow adaptation
A false sense of certainty
Detachment of planners
How to make a plan work
Set goals
Develop commitment
Develop effective action plans
Track progress toward goal achievement
Maintain flexibility
Step one: Setting Goals
M-Measurable
A-Attainable
R-Realistic
S-Specific
T-Timely
Step 2: Goal Commitment
Set goals participatively
Make the goal public
Obtain top management's support
Step 3: Developing Effective Action Plans
List the specific steps, people, resources, and time period for accomplishing a goal
Step 4:Tracking Progress
Set proximate goals and distal goals
Gather and provide performance feedback
Step 5: Maintaining Flexibility
Optional-based planning
Slack resources
Learning-based planning
Top Manager
Strategic Plans
Purpose Statement
Strategic objective