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PLANNING 1- FOUNDATION OF PLANNING - Coggle Diagram
PLANNING 1- FOUNDATION OF PLANNING
Types of Planning
Strategic Plans
Tactical Plans
Operational Plans
Purpose of Planning
concentrating their efforts
eliminate unproductive efforts
adapt changes
facilitate control
basics of teamwork
sense of direction
achieving goals
Types of Plans
Long term plans
Single-use plans
Continuing/ongoing plans
Contingency plans
Short term plans
Specific plans
Directional plans
Management by Objectives(MBO)
-manager and employees work together to achieve the objectives
-manager give employee a freedom to make decision
The possible problems of MBO
-very time consuming
-objectives can become outdated quickly
-does not guarantee success
The possible benefits of MBO
-staff involvement
-as a control device
-avoid conflict
-help to prioritize their time