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Planning - Coggle Diagram
Planning
Why Plan?
Provide direction
Reduce uncertainty
Minimizes waste and redundancy
Set standards for controlling
Formal Planning
Specific goals within a time period
Written and shared with org members
Associated with
Positive financial results
Reduced impact on performance by the external environment
Planning time frame influences planning-performance relationship
Quality of planning and implementation affects performance more than the extent of planning
Goals
Desired outcomes/targets
Types of goals
Financial goals: Money
Strategic goals: Performance relative to external environment
Stated goals: Goals stated officially by the org
Real goals: Goals that org actually pursues
Plans
Documents that outline on how goals are to be met
Types of plans
Time frame
Long-term:3+ years
Short term: One year or less
Breadth
Strategic plans: Establish overall goals
Operational plans: Encompasses a specific operational area
Specificity
Directional: Flexible with general guidelines
Specific: Clearly defined, with no room for interpretation
Frequency of use
Single-use
Standing: Provide guidance on repeated activities