Planning involves setting SMART goals that are specific, measurable, attainable, relevant, and time-bound. It requires setting aside time to formulate future courses of action to achieve specified results. Planning helps by allowing you to check progress, coordinate activities, and think ahead. However, criticisms of planning include that it can create rigidity and not be developed for dynamic environments with state, effect, and response uncertainty. The document discusses management by objectives as a way to motivate employees through jointly setting objectives, developing action plans, and periodically reviewing performance. It also outlines the basic strategic types of prospectors, analyzers, defenders, and reactors in relation to planning.

1. Specific
Measurable
SMART Attainable
Setting goals
Relevant
Definition
Time-bound
To formulating future courses of action
To achieve specified results
Planning requires you to set aside the time to do it.
Planning Why not plan ? You may have to make some decisions without a lot of time to plan
Check on your progress
Coordinate activities
Think ahead
State Uncertainty “when the environment is considered unpredictable”
Create rigidity Planning helps you...
Criticisms of Planning 4 benefits
Can’t be developed for dynamic
Effect Uncertainty “When the effects of environmental changes are unpredictable”
environments Cope with "uncertainty"
Response Uncertainty “When the consequences of decision are uncertainty”
Jointly Set Objectives
Let’s wait until there’s a crisis, then we’ll react
Develop Action Plan Reactors
Periodically Review Performance 4 steps motivating employees in MBO
Let other take the risk of innovating, and we’ll imitate what works best
Give Performance Appraisal & Rewards, if any Analyzers
PLANNING: FOUNDATION OF
Management by Objectives Basic strategy types
SUCCESSFUL MANAGEMENT Let’s create our own opportunities, not wait for them to happen
To motivate rather that control subordinates
Prospectors
Improvement
Personal Development Objectives Purpose of MBO Let’s stick with what we do best, avoid other involvements
Defenders
Maintenance
1-5 years
Strategic planning
Mission
Vision 6-24 months
A
Tactical planning
Strategic planning Making plans
1-52 weeks
Tactical planning Operational planning
Operational planning
Policy
Procedure
Standing plan
B Rule
Program
Single-use plan Project
Types of planning
Policy
Breadth
Procedure
Rule
Time frame Long term
Short term
C
Specificity Directional
Specific
Frequency of use Single-use
Standing