Professional Documents
Culture Documents
5b Planning
5b Planning
Planning &
Strategy
Fundamentals of Management p 88-110
Planning
Main Topics
1 Types of Plans
▸Visions & Mission Statements
▸Strategic Plans
▸Tactical Plans
▸Operational Plans
2 Planning Timeframes
3 Advantages & Disadvantages of Planning
4 Planning toolkit
Fundamentals of Management p 89
Planning
7 Main Types of Plan
Linked in a logical sequence
Mission
1. Mission Statements Statement
3. Strategy
Consultation/Feedback
Strategy
4. Tactical Plans
5. Operational Plans Tactical Plan 1 Tactical Plan 2 Tactical Plan 3
Fundamentals of Management p 90
Mission Statements
Planning
Fundamentals of Management p 90
Planning
Mission Statements
Also called ‘overarching purpose’ or
‘team charter’
Fundamentals of Management p 90
Vision Statements
Planning
Strengths
Weaknesses
Opportunities
Threats
Or PESTLE
Political
Economic
Socio-cultural
Technological
Legal
Environmental
Fundamentals of Management p 93-100
Planning
Criticisms: Strategic Plans
▪1-5 years
▪Middle management
1 2 3 4 5 6 7 8 9 10
Month June July August
August
Week
STAGE wk wk wk wk1 wk wk wk wk wk wk
1. NEW BROCHURE
1.1 consultation stage
1.2 design stage
1.3 production stage
2. EXHIBITION STAND
Stage Completion By
date
1. Review present brochure 7 Jun MA
Remedial action
Advantages
▸objectives linked to superior’s & ultimately strategic plan
▸specific goals
▸key results agreed - not imposed
▸performance reviewed regularly
MBO
Disadvantages
▸distorts organisation
▸consumes time
▸encourages lower goals
▸inappropriate to some countries & rapid change
Plans are generally, but not always,
good
Advantages Disadvantages
▸Direction and focus ▸Induce rigidity
▸Standards of performance ▸Time consuming
▸Speedy decisions
▸Minimise waste
▸Focus on the future