Management Planning and Objectives

Proper planning is needed in the organization because:

• It helps in achieving organizational goals efficiently.

• It increases confusion and chaos.

• It discourages teamwork.

• It leads to wastage of resources.

Levels of planning include:

• Strategic, Tactical, and Operational

• Short-term, Medium-term, and Long-term

• Primary, Secondary, and Tertiary

• Initial, Intermediate, and Final

Managers plan by:

• Setting goals and determining how to achieve them.

• Supervising employees directly.

• Handling customer complaints.

• Performing technical tasks.

Management by objective is characterized by:

• Setting specific goals and evaluating performance based on achievement of those goals

• Centralized decision-making

• Emphasis on informal communication

• Focus on short-term profits

What is a goal according to the overview of goals and plans?

• A goal is a desired future state that the organization is trying to achieve.

• A goal is a set of rules for employee behavior.

• A goal is a financial statement for the next quarter.

• A goal is a list of products offered by the organization.

What is a plan according to the overview of goals and plans?

Planning incorporates both goals and plans.

• True

• False

Which of the following is NOT a benefit of planning?

• It sets the direction for the organization.

• It increases risks and effects of change.

• It minimizes waste and redundancy.

• It helps managers to increase knowledge and skills.

Fill in the blank: Planning sets the _______ for the organization.

• direction

• budget

• schedule

• policy

Fill in the blank: Planning reduces the _______ and effects of change.

• risks

• benefits

• causes

• advantages