BM 1.03 Managerial Planning

To control employees' actions

To allocate resources for achieving goals

To motivate staff members

To monitor competitors

Why does competition exist?

Who will be promoted?

What needs to be accomplished?

How many employees to hire?

Strategic plan

Tactical plan

Single-use plan

Operational plan

Securing cooperation

Establishing objectives

Choosing alternative actions

Appraising plans

To reduce employee stress

To determine progress and success

To avoid setting deadlines

To ensure they are challenging

By creating strategic goals for the organization

By translating broad objectives into specific goals for departments

By supervising operational tasks daily

By approving budgets for all departments

Effective communication

Clear mission statement

Lack of commitment to the planning process

Strategic goal-setting

Tactical plans focus on short-term goals; strategic plans focus on long-term goals.

Tactical plans are only created by top-level managers.

Strategic plans deal with daily operations, while tactical plans address the big picture.

Tactical plans are less specific than strategic plans.

Focusing on the present at the expense of the future

Too much reliance on the planning department

Concentrating on controllable variables

Lack of measurable goals

The organization is required by law to have multiple plans.

The manager anticipates potential changes that may require an alternate approach.

The project team prefers to work on several plans at once.

The manager is unsure of the organization’s mission statement.