Planning and Managerial Decision-Making

THE MANAGEMENT PROCESSES AND FUNCTIONS
PLANNING AND MANAGERIAL DECISION-MAKING

A TOPIC PRESENTATION
IN PARTIAL FULFILLMENT OF THE REQUIREMENTS
IN MGT. 201 (THEORY AND PRACTICE OF MANAGEMENT)

MANAGEMENT 201
GROUP II

OUTLINE OF REPORT

PLANNING

Part I 1. Overview of Goals & Plans, their Purpose a. What is a Goal? b. What is a Plan? c. What is Planning? 2. Level of Goals and Plans and their importance. 3. Purposes of Goals and Plans. 4. The Organizational Planning Process 5. Types of Goals and Plans 6. Aligning goals with strategy maps 7. Strategy Map for Aligning Goals 8. Organizational Mission 9. Operational Planning 10. Characteristics of Effective Goal Setting 11. Management by Objective 12. Model of the MBO 13. MBO Benefits and Problems 14. Single-use and Standing Plans

Part II 1. Steps in Planning 2. Planning in Turbulent Times a. Contingency Planning b. Building Scenarios c. Crisis Planning d. Planning for High Performance e. Performance Dashboard for Planning

MANAGERIAL DECISION MAKING

Part I 1. Types of Decision and Problems a. Decision Making Defined b. Types of Decisions and Problems

2. Decision Making Conditions a. Certainty b. Risk c. Uncertainty d. Ambiguity

Part II 1. Decision Making versus Problem Solving 2. Three Decision Models 3. Decision Makers Environment 4. Group Decision Making

Part III 1. Steps in Decision-making Process a. Recognize the need for a decision b. Set objectives and criteria c. Generate good alternatives d. Evaluate the alternatives e. Selection of desired alternative f. Implementation of chosen alternative g. Learn from feedback

OVERVIEW OF GOALS AND PLANS

|Goals