Business Management 1.03 Planning

Goals specify future needs, plans specify

• today's means

• tomorrows means

• tomorrow goal

• next week's goals

Planning gives an organization a sense of

• direction and focus

• finances and staff

• results

• where profits will come from

Goals should NOT be linked to rewards

• True

• false

Goals should always challenge but never be unreasonable.

• false

• true

Anticipating problems and coping with change is one of the positives of

• directing

• staffing

• planning

• organizing

First step in planning is

• setting standards

• setting goals

• writing a mission statement

• organizing staff

A company's mission statement

• is the basis for all directing

• is the basis for all financing

• is the basis for all planning

• is a statement used to talk to customers

Barriers that can inhibit successful planning are

• company priorities and resources

• company ownership

• company mentality

• community support

To plan successfully, managers need to

• communicate unilaterally

• communicate effectively and solicit involvement from others

• communicate with other managers

• write the plan down

A broad guideline for managers to follow when dealing with important areas of decision making is called

• procedure

• form

• policy

• documentation