Management 12e richard draft chapter 07

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Management 12e richard draft chapter 07

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Chapter 1: The World of Innovative Management Chapter 2: The Evolution of Management Thinking Chapter 3: The Environment and Corporate Culture Chapter 4: Managing in a Global Environment Chapter 5: Managing Ethics and Social Responsibility Chapter 6: Managing Start-Ups and New Ventures Chapter 7: Planning and Goal Setting Chapter 8: Strategy Formulation and Execution Chapter 9: Managerial Decision Making Chapter 10: Designing Organization Structure Chapter 11: Managing Change and Innovation Chapter 12: Managing Human Resources Chapter 13: Managing Diversity Chapter 14: Understanding Individual Behavior Chapter 15: Leadership Chapter 16: Motivating Employees Chapter 17: Managing Communication Chapter 18: Leading Teams Chapter 19: Managing Quality and Performance Appendix: Managing the Value Chain, Web 2.0, and E-

Chapter Managerial Planning and Goal Setting © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part Planning is Fundamental  All of the other management functions stem from planning  How you plan for an undefined future?  No plan is perfect Without plans and goals, organizations flounder © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part Goals and Plans A goal is a desired future state that the organization attempts to realize PLANNING A plan is a blueprint for goal achievement and specifies the necessary resource allocations, schedules, tasks, and other actions © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 7.1 Levels of Goals and Plans © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 7.2 The Organizational Planning Process © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part Goal-Setting in Organizations  Organizational mission – the organization’s reason for existence  Strategic goals – official goals, broad statements describing the organization’s future  Strategic plans – define the action steps the company will take  Goals should be aligned using a strategy map © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 7.4 A Strategy Map for Aligning Goals © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part Operational Planning  Direct employees and resources  Guide toward efficient and effective performance  Includes planning approaches: Management-by-Objectives (MBO) Single-Use Plans Standing Plans © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 7.5 Characteristics of Effective Goal Setting © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 7.6 Model of the MBO Process  Defined in 1954 by Peter Drucker  Method for defining goals and monitoring performance © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 10 7.7 MBO Benefits © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 11 Single-Use and Standing Plans Single-Use Plans Achieve one-time goals Programs and projects Standing Plans Ongoing plans Policies, rules, procedures © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 12 Types of Single-Use and Standing Plans  Single-Use Plans Program: building new headquarters, converting paper files to digital Project: renovating the office, setting up a new company intranet © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 13 Types of Single-Use and Standing Plans  Standing Plans Policy: Sexual harassment policies, Internet and social media policies Rule: No eating rule in areas of company where employees are visible to public Procedure: Procedures for issuing refunds, Procedures for handling employee grievances © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 14 7.8 Major Types of Single Use and Standing Plans © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 15 Benefits and Limitations of Planning • • • • • • • Goals and plans provide a source of motivation and commitment Goals and plans guide resource allocation Goals and plans are a guide to action Goals and plans set a standard of performance Goals and plans can create a false sense of certainty Goals and plans may cause rigidity in a turbulent environment Goals and plans can get in the way of intuition and creativity © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 16 Planning for a Turbulent Environment  Contingency Planning Planning for emergencies, setbacks, or unexpected conditions  Building Scenarios A forecasting technique to look at current trends and discontinuities and visualize future possibilities  Crisis Planning Unexpected events that are sudden and devastating © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 17 7.9 Essential Stages of Crisis Planning © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 18 Set Stretch Goals for Excellence  Stretch goals are highly ambitious  Clear, compelling, and imaginative  Require innovation  Goals must be seen as achievable  Like Big Hairy Audacious Goal (BHAG) from 1996 article on “Building Your Company’s Vision”  As times move faster and become more turbulent, these are important © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 19 Use Performance Dashboards  Dashboards keep track of key performance metrics align and track goals can be applied throughout the company on the factory or sales floor © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 20 7-10 A Performance Dashboard for Planning © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 21 Deploy Intelligence Teams  Intelligence teams cross-functional group of managers work together gain a deep understanding of a specific competitive issue offer insight and recommendations for planning © 2016 Cengage Learning All Rights Reserved May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part 22 ...Planning is Fundamental  All of the other management functions stem from planning  How you plan for an undefined future?  No plan is perfect... and resources  Guide toward efficient and effective performance  Includes planning approaches: Management- by-Objectives (MBO) Single-Use Plans Standing Plans © 2016 Cengage Learning All Rights

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Mục lục

  • Slide 1

  • Planning is Fundamental

  • Goals and Plans

  • 7.1 Levels of Goals and Plans

  • 7.2 The Organizational Planning Process

  • Goal-Setting in Organizations

  • 7.4 A Strategy Map for Aligning Goals

  • Operational Planning

  • 7.5 Characteristics of Effective Goal Setting

  • 7.6 Model of the MBO Process

  • 7.7 MBO Benefits

  • Single-Use and Standing Plans

  • Types of Single-Use and Standing Plans

  • Types of Single-Use and Standing Plans

  • 7.8 Major Types of Single Use and Standing Plans

  • Benefits and Limitations of Planning

  • Planning for a Turbulent Environment

  • 7.9 Essential Stages of Crisis Planning

  • Set Stretch Goals for Excellence

  • Use Performance Dashboards

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