More Related Content
Similar to Ebbpa3 b ch 8 (20)
Ebbpa3 b ch 8
- 1. Chapter 8Chapter 8 Fundamentals of Planning
- 2. Planning Ahead — Questions 1. Why and how do managers plan? 2. What types of plans do managers use? 3. What are the useful planning tools and techniques? 4. How can plans be well implemented?
- 3. Learning Dashboard 1. Why and How Managers Plan 1. Importance of planning 2. The planning process 3. Benefits of planning 2. Types of Plans Used by Managers 1. Long-range and short-range plans 2. Strategic and tactical plans 3. Operational plans
- 4. Learning Dashboard 3. Planning Tools and Techniques 1. Forecasting 2. Contingency planning 3. Scenario planning 4. Benchmarking 5. Use of staff planners 3. Implementing Plans to Achieve Results 1. Goal setting 2. Goal alignment 3. Participation and involvement
- 5. Why and How Managers Plan • Planning – The process of setting objectives and determining how to accomplish them • Objectives and goals – Identify the specific results or desired outcomes that one intends to achieve • Plan – A statement of action steps to be taken in order to accomplish the objectives
- 6. Why and How Managers Plan • Steps in the planning process: – Define your objectives – Determine where you stand vis-à-vis objectives – Develop premises regarding future conditions – Analyze alternatives and make a plan – Implement the plan and evaluate results
- 7. The roles of planning and controlling in the management process
- 8. Why and How Managers Plan • Benefits of planning: – Improves focus and flexibility – Improves action orientation – Improves coordination and control – Improves time management
- 9. Why and How Managers Plan • Personal time management tips: – DO say “no” to requests that distract from what you should be doing – DON’T get bogged down in details that can be addressed later – DO screen telephone calls, emails, and meeting requests
- 10. Why and How Managers Plan • More personal time management tips: – DON’T let drop-in visitors instant messaging use up your time – DO prioritize your important and urgent work – DON’T become calendar bound by letting others control your schedule – DO follow priorities; do most important and urgent work first
- 11. Types of Plans Used by Managers • Types of plans – Long-term plans look three or more years into the future – Short-term plans typically cover one year or less
- 12. Types of Plans Used by Managers
- 13. Types of Plans Used by Managers • Strategic plans — set broad, comprehensive, and longer-term action directions for the entire organization • Vision – clarifies purpose of the organization and what it hopes to be in the future
- 14. Types of Plans Used by Managers • Tactical plan – helps to implement all or parts of the strategic plan • Functional plans – indicate how different operations within the organization will help accomplish the overall strategy • Production plans • Financial plans • Facilities plans • Logistics plans • Marketing plans • Human resource plans
- 15. Types of Plans Used by Managers • Operational plans — identify short-term activities to implement strategic plans – Policies are standing plans the communicate guidelines for decisions – Procedures are rules that describe actions to be taken in specific situations – Budgets are plans the commit resources to projects or activities • Zero based budgets allocate resources as if each budget were brand new
- 16. Planning Tools and Techniques • Forecasting – Attempts to predict the future – Qualitative forecasting uses expert opinions – Quantitative forecasting uses mathematical models and statistical analysis of historical data and surveys
- 17. Planning Tools and Techniques • Contingency planning – Identifying alternative courses of action to take when things go wrong – Contingency plans anticipate changing conditions – Contingency plans contain trigger points
- 18. Planning Tools and Techniques • Scenario planning – A long-term version of contingency planning – Identifying alternative future scenarios – Plans made for each future scenario – Increases organization’s flexibility and preparation for future shocks
- 19. Planning Tools and Techniques • Benchmarking – Use of external and internal comparisons to plan for future improvements – Adopting best practices: things people and organizations do that lead to superior performance – Staff planners assist in all steps of the planning process
- 20. Implementing Plans to Achieve Results
- 22. Implementing Plans to Achieve Results • Goal Alignment Between Team Leader and Team Member – Jointly plan: set objectives, set standards, choose actions – Individually set: perform tasks (member), provide support (leader) – Jointly control: review results, discuss implications, renew cycle
- 23. Implementing Plans to Achieve Results • Participatory Planning – unlocks the motivational potential of goal setting – management by objectives (MBO) promotes participation – when participation is not possible, workers will respond positively if supervisory trust and support exist
- 24. How participation and involvement help build commitment to plans