Managerial Planning Vocabulary

Front

The process of setting goals and figuring out the best way to achieve them. It involves creating a detailed plan that outlines necessary resource allocations, schedules, tasks, and actions.

Back

Planning

Front

A desired future state that an organization aims to achieve. Goals define the organization’s purpose and specify future outcomes.

Back

Goal

Front

A detailed plan or outline that guides the achievement of goals, including resource allocations, schedules, tasks, and actions.

Back

Blueprint

Front

The process of distributing available resources efficiently to achieve the organization’s goals.

Back

Resource Allocation

Front

A plan that outlines when tasks and activities should be completed to achieve the goals.

Back

Schedule

Front

A specific piece of work required to be done as part of the plan to achieve the goals.

Back

Task

Front

One of the five management functions that involves arranging resources and tasks to achieve the organization’s goals.

Back

Organizing

Front

The management function that involves recruiting, hiring, and training employees to fulfill the roles needed to achieve the organization’s goals.

Back

Staffing

Front

The management function that involves motivating and directing employees to achieve the organization’s goals.

Back

Leading

Front

The management function that involves monitoring progress and making adjustments to ensure that the organization’s goals are achieved.

Back

Controlling