Ch. 5 Managing for Success

An individual in an organization who is responsible for making a group of people more efficient and effective.

• manager

• management

• planning

• tactical plans

Process of planning for, organizing, directing, and controlling a company's resources so that it can achieve its goals.

• SWOT analysis

• manager

• management

• planning

Process of setting goals and determining the best way to achieve them.

• Strategic Planning

• goals

• management

• Planning

Process of establishing an overall plan or course of action for an organization.

• Planning

• Strategic Planning

• SWOT analysis

• management

Approach used to assess a company's fit with its environment by analyzing its strengths, weaknesses, opportunities, and threats.

• SWOT analysis

• Tactical Plans

• Strategic Planning

• Crisis Management

Major accomplishments that a company wants to achieve over a long period of time.

• Crisis Management

• Goals

• Objectives

• Operational Plans

Intermediate-term performance targets that direct the activities of an organization towards the attainment of a goal.

• Tactical Plans

• Organizing

• Goals

• Objectives

Short-term plans that specify the activities and resources needed to implement a company's strategic plan.

• Tactical Plans

• Contingency Plan

• Goals

• Operational Plans

Detailed action steps to be taken by individuals or groups to implement tactical plans.

• Tactical Plans

• Operational Plans

• Contingency plans

• Objectives

Process of identifying courses of action to be taken on the event that a business is adversely affected by a change.

• Operational Plans

• Organizing

• Tactical Plans

• Contingency plans