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LU 5: Planning & Decision Making - Coggle Diagram
LU 5: Planning & Decision Making
What is
planning
?
a management function which involves the setting of
goals
and deciding how best to achieve them
Importance of planning?
Planning from top to bottom
Types of plans
Strategic planning
Tactical planning
Operations planning
Fixed plans
Planning that is used repeatedly
Policies
A general guideline for the management of an event
Procedures
Actions to be taken in the event of a specific event
Regulations
The rules of specific guidelines in taking action
Costs & benefits
Nature of organization goals & how they facilitate performance
How to plan successfully?
Linking Goals and Plans
Being Determined to Achieve Goals
Developing Effective Action Plans
Decision Making
Decision making
Tactical
Operational
Strategic
Stages of decision making
Decision making
Programmed
Non-programmed
Group decision making