MANGMT 3000 1st Edition Lecture 4Outline of Last LectureI. Overarching perspectives about management a. Classical viewpointb. Behavioral viewpointII. Early behaviorismIII. Theory X vs. Theory Y Outline of Current LectureI. Planninga. Strategy typesb. 3 types of planning for three levels of managementCurrent LecturePlanning- what are you going to do? Coping with uncertainty by formulating courses of action toachieve specific results-Setting goals and deciding how to achieve them- Planning requires you set aside the time to do it-You may have to make some decisions without a lot of time to plan-Helps you check on your progress-Helps coordinate activities-Helps you think ahead-Helps you cope with uncertaintyThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.-Makes you action oriented, keeps you results driven -Makes you change oriented, anticipate problems and opportunities and handle them-Makes you time orientedFour basic strategy types:Reactors- makes adjustments only when finally forced to by environmental pressuresAdaptive cycle- businesses are continuously cycling through decisions about three kinds of business problems: 1) Entrepreneurial 2) engineering 3) administrativeMission statement- expresses purpose of the orgVision statement- long-term goal describing what an org wants to become-Clear sense of future and the actions needed to get there3 types of planning for three levels of managementStrategic planning- determine what the org’s long-term goals should be for the next 1-5 years with the resources they expect to have availableTactical planning- determine what contributions their departments or similar work units can make during the next 6-24 monthsOperational planning- determine how to accomplish specific tasks with available resources within the next 1-52
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