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Basic Elements of Planning and Decision Making - College Essays

Basic Elements of Planning and Decision Making

In a simple way of explaining what planning and decision making means, planning meaning setting a goal or objective for a company or organization. Deciding which way is best to achieve them is the later step but is still involved in planning. Decision making meaning selecting a course of action from a set of different alternatives, it is also part of the planning process. Planning and decision making help keep managerial effectiveness by serving as guides to future activities.
One of the most common sets of activities in the management is planning. Very simply put, planning is setting the direction for something some system and then guiding the system to follow the direction. There ...

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background information about the organization or team attempting to reach those goals. Other purposes of setting plans and goals are that everything is in order. The employer knows where and how to direct his/her employees to be efficient and effective.
A goal is defined as a target. Setting goal is a universal concept. Whether be an individual, an organization or a government, they have a goal. Setting and meeting goals create a positive energy and motivate employers and employees to keep going even when obstacles arise. There are three types of goals that are divided up by terms (time span of a year or more). Short-term goal is up to one year, mid-term goal is up to three years, and long-term goal is up to five years.
Goal setting means identifying an end result and outlining the steps necessary to achieving it. Rewards will accrue to the organization that can move beyond aesthetic objectives and achieve operationality in social responsibility goal setting. This requires, ...

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organization, while lower levels of management develop compatible objectives and plans to achieve them. Top management's strategic plan for the entire organization becomes the framework and sets dimensions for the lower level planning.
There are three different time frames for planning, long-term goal, intermediate goal, and short-term goal. For example, at the strategic level, long term means ten years or longer. Intermediate term around five years and short-term around one year. A long range plan is around for many years, sometimes even decades. Someimes it isnt the best to go this way because there is constant change around the world, needs and wants change. Depending on your ...

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Basic Elements of Planning and Decision Making. (2011, March 23). Retrieved March 28, 2024, from http://www.essayworld.com/essays/Basic-Elements-of-Planning-Decision-Making/96692
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PAPER DETAILS
Added: 3/23/2011 09:20:05 PM
Submitted By: mrguy
Category: Business
Type: Premium Paper
Words: 1421
Pages: 6

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