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The Foundations of Planning: ©prentice Hall, 2001 1
The Foundations of Planning: ©prentice Hall, 2001 1
of Planning
Reasons
for Planning
Environmental
Arguments Turbulence
Against Intuition
and Creativity
Strategic
Planning Focus on Today’s
Competition
Preoccupation with
Current Success
©Prentice Hall, 2001 Chapter 3 5
Does Planning Improve
Performance?
• Financial results
• Environmental concerns
Short-Term Long-Term
Plans Plans
Flexibility
General Directional Plans High
Unique Ongoing
Situations Operations
Organizational
Objectives
Divisional
Objectives
Departmental
Objectives
Individual
Objectives
Goal Participative
Specificity Decision Making
Explicit Performance
Time Period Feedback
©Prentice Hall, 2001 Chapter 3 12
Goal Goal
Difficulty Specificity
Does MBO
Work?
Top
Participation
Management
Quality of Quantity of
Products Products
Individual
Team Focus
Effort
Potential Continuous
Improvement Improvement
©Prentice Hall, 2001 Chapter 3 15
The Strategic Management Process
Set Mission, Identify
Analyze the
Objectives, Opportunities
Environment
and Strategies and Threats
Identify Reassess
Analyze
Strengths and Mission and
Resources
Weaknesses Objectives
Competitive
Intelligence
SWOT
Threats Weaknesses
Analysis
Opportunities
Organization’s Opportunities in
Resources the Environment
Organization’s
Opportunities
©Prentice Hall, 2001 Chapter 3 20
Growth Stability
Combination Retrenchment
Cost
Differentiation
Leadership
Focus
Evaluation
Quality As
A Strategic ISO 9000
Weapon
Six Sigma