Managerial Planning and Goal Setting

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Managerial Planning and Goal Setting par Mind Map: Managerial Planning and Goal Setting

1. Characteristics of Effective Goal Setting

1.1. are specific and measurable

1.2. have a defined time period

1.3. cover key result areas

1.4. are challenging but realistic

1.5. are linked to rewards

2. Model of the MBO Process

2.1. set goals

2.2. develop action plans

2.3. review progress

2.4. appraise performance

3. MBO Benefits

3.1. focuses manager and employees efforts on activities that will lead to goal attainment

3.2. can improve performance at all company levels

3.3. improves employee motivaton

3.4. aligns individual and departmental goals with company goals

4. Single-Use and Standing Plans

4.1. Single-Use Plans

4.1.1. Achieve one-time goals

4.1.2. Programs

4.1.2.1. plans for attaining a one-time organizational goal

4.1.2.2. major undertaking that may take several yeas to complete

4.1.2.3. large in scope

4.1.2.4. may be associated with several project

4.1.3. Project

4.1.3.1. also a set of plans for attaining a one-time goal

4.1.3.2. smaller in scope and complexity than a program, shorter in horizon

4.1.3.3. often one part of a larger program

4.2. Standing Plans

4.2.1. Ongoing plans

4.2.2. Policies

4.2.2.1. broad in scope- general guide to action

4.2.2.2. based on organization's overall goals/ stragic plan

4.2.2.3. defined boundaries within which to make decisions

4.2.3. rule

4.2.3.1. narrow in scope

4.2.3.2. describes how a specific action is to be performed

4.2.3.3. may apply to specific setting

4.2.4. procedure

4.2.4.1. sometimes called a standard operating produre

4.2.4.2. defines a precise series of steps to attain certain goals

5. Planning for a Turbulent Environment

5.1. Contingency Planning

5.2. Building Scenarios

5.3. Crisis Planning

6. Essential Stages of Crisis Planning

6.1. preventation

6.2. preparation

7. Goals and Plans

7.1. A goal is a desired future state that the organization attempts to realize

7.2. A plan is a blueprint for goal achievement and specifies the necessary

8. Planning

8.1. The process by which managers define goals and outline a plan/action to achieve the goal

9. Levels of Goals and Plans

9.1. mission statement

9.2. strategic goals/ plans (senior management)

9.3. tactical goals/plans (middle management)

9.4. operational goals/plans (lower management)

10. The Organizational Planning Process

10.1. develop the plan

10.1.1. define mission, vison

10.1.2. set goals

10.2. translate the plan

10.2.1. define tactical plans and objectives

10.2.2. develop strategy map

10.2.3. define contingency plans and scenarios

10.2.4. identify intelligency teams

10.3. plan operations

10.3.1. define operational goals and plans

10.3.2. selects measures and targets

10.3.3. set stretch goals

10.3.4. crisis planning

10.4. execute the plan

10.4.1. use

10.4.1.1. management by objectives

10.4.1.2. performance dasboards

10.4.1.3. single use plans

10.4.1.4. decentralized responsibility

11. Goal-Setting in Organizations

11.1. Organizational mission

11.1.1. the organization’s reason for existence

11.2. Strategic goals

11.2.1. official goals, broad statements describing the organization’s future

11.3. Strategic plans

11.3.1. define the action steps the company will take

12. Operational Planning

12.1. Includes planning approaches

12.1.1. Management-by-Objectives (MBO)

12.1.2. Single-Use Plans

12.1.3. Standing Plans

13. Set Stretch Goals for Excellence

13.1. Stretch goals are highly ambitious

13.2. Clear, compelling, and imaginative

13.3. Require innovation

13.4. Goals must be seen as achievable