Using Planning Tools - Principles of Management - ثالث ثانوي

2.2 Using Planning Tools

LEARNING OBJECTIVES

KEY TERMS

Who Needs Goals?

2.2 Using Planning Tools

LO 2.2.1 Establishing Direction

2.2 Using Planning Tools

Goals should be clearly communicated. Company and depart-

Identify the four characteristics of effective goals.

2.2 Using Planning Tools

LO 2.2.2 Planning Tools

Budgets

2.2 Using Planning Tools

Schedules

Standards

2.2 Using Planning Tools

Trend Spotting A trend is a current style of

or not the quality is acceptable. Companies

Policies

2.2 Using Planning Tools

Procedures

2.2 Using Planning Tools

Research

What is the difference between a policy and a standard?

2.2 Using Planning Tools

The goal “to increase the average productivity of all work teams by 3% within six months” is an example of which characteristic of an effective goal?

Guidelines used in making decisions regarding specific, recurring situa- tions are called

How does the use of effective goals increase the probability that busi- ness plans will be successful? Discuss the importance of each of the characteristics of an effective goal.

How can businesses use information from competitors and customers when establishing quality standards for their products and services?