BUS101

Introduction to Management 11e
John Schermerhorn

Chapter 8
Fundamentals
of Planning

Planning Ahead — Chapter 8 Study Questions

1. Why and how do managers plan?
2. What types of plans do managers use?
3. What are the useful planning tools and techniques? 4. How can plans be well implemented?

Management 11e Chapter 8

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Study Question 1: Why and how do managers plan?

! Planning
! The process of setting objectives and determining how to best accomplish them

! Objectives
! Identify the specific results or desired outcomes that one intends to achieve

! Plan
! A statement of action steps to be taken in order to accomplish the objectives
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Study Question 1: Why and how do managers plan?

! Steps in the planning process:
! Define your objectives
! Determine where you stand vis-à-vis objectives ! Develop premises regarding future conditions
! Analyze alternatives and make a plan
! Implement the plan and evaluate results

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Figure 8.1 The roles of planning and controlling in the management process Management 11e Chapter 8

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Study Question 1: Why and how do managers plan?

! Benefits of planning:
! Improves focus and flexibility
! Improves action orientation
! Improves coordination
! Improves time management
! Improves control

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Study Question 1: Why and how do managers plan?

! Personal time management tips:
! DO say no to requests that distract from what you should be doing
! DON T get bogged down in details that can be addressed later
! DO screen telephone calls, emails, and meeting requests

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Study Question 1: Why and how do managers plan?

! More personal time management tips:
! DON T let drop-in visitors instant messaging use up your time
! DO prioritize your important and urgent work
! DON T become calendar bound by letting