Mgmt
Learning objectives
MGMT1001 – Principles of Management
At the end of this session, students should be able to:
At
to:
Assess
Assess the nature and importance of the planning function Identify
Identify and describe different types of goals and plans set in organisations. organisations. Identify
Identify the major rules governing the planning function. function.
Assess
Assess the contingency factors and limitations associated with planning. planning. The Planning Function
& Revision
Lecturer: Dwayne Devonish
Planning
“involves
“involves defining the organization’s goals establishing an overall strategy for achieving those goals, and developing plans for organisational work activities” (Robbins and
Coulter, 2007, p.184)
2007, 184)
Considered
Considered to be the most fundamental managerial function in organisations. organisations. Goals
Goals are defined, and plans are set in place to achieve these goals. goals. What is a Plan?
“A blueprint for goal achievement and specifies
“A
the necessary resource allocations, schedules, tasks, and other actions” (Daft and Marcic,
2001, 140)
2001, p.140).
Plans
Plans specify the current means of achieving goals. goals.
Goals
Goals are what we want, plans are how we will reach them. them. What is a Goal?
•
A goal is a desired outcome that the organisation wants to achieve or reach in order to fulfil their purpose or mission: mission: To obtain first class honours.
To
honours.
To increase sales by 30% by year end.
To
30% end. To increase road tax, gas prices, and everything
To
else but salaries. salaries. Goals specify the ends. ends. Importance of Planning
Is considered to be the main (premier) managerial
Is
function; function; it precedes all other functions. functions. Provides
Provides direction to managers and non-managers. non-managers. Facilitates
Facilitates and complements other management functions. functions.
Reduces
MGMT1001 – Principles of Management
At the end of this session, students should be able to:
At
to:
Assess
Assess the nature and importance of the planning function Identify
Identify and describe different types of goals and plans set in organisations. organisations. Identify
Identify the major rules governing the planning function. function.
Assess
Assess the contingency factors and limitations associated with planning. planning. The Planning Function
& Revision
Lecturer: Dwayne Devonish
Planning
“involves
“involves defining the organization’s goals establishing an overall strategy for achieving those goals, and developing plans for organisational work activities” (Robbins and
Coulter, 2007, p.184)
2007, 184)
Considered
Considered to be the most fundamental managerial function in organisations. organisations. Goals
Goals are defined, and plans are set in place to achieve these goals. goals. What is a Plan?
“A blueprint for goal achievement and specifies
“A
the necessary resource allocations, schedules, tasks, and other actions” (Daft and Marcic,
2001, 140)
2001, p.140).
Plans
Plans specify the current means of achieving goals. goals.
Goals
Goals are what we want, plans are how we will reach them. them. What is a Goal?
•
A goal is a desired outcome that the organisation wants to achieve or reach in order to fulfil their purpose or mission: mission: To obtain first class honours.
To
honours.
To increase sales by 30% by year end.
To
30% end. To increase road tax, gas prices, and everything
To
else but salaries. salaries. Goals specify the ends. ends. Importance of Planning
Is considered to be the main (premier) managerial
Is
function; function; it precedes all other functions. functions. Provides
Provides direction to managers and non-managers. non-managers. Facilitates
Facilitates and complements other management functions. functions.
Reduces