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Foundations of Planning (Components of a Mission Statement (Concern for…
Foundations of Planning
Planning is a waste of time because no one can predict the future.
Identify the organization's current mission,goals,and strategies
SWOT Analysis
External Analysis:
-Opportunities
-Threats
Internal Analysis:
-Strengths
-Weaknesses
Formulate Strategies
Implement Strategies
Evaluate Results
Components of a Mission Statement
Concern for survival,growth,and profitability
Philosophy
Markets
Concern for public image
Customers
Products or services
Technology
Concern for employees
Self-concept
What types of plans Do Managers Use and How Do They Develop Those Plans?
Specific plans
Directonal plans
Short-term plans
Single-use plans
Long-term plans
Standing plans
Tactical plans
Strategic plans