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Goal Setting and Planning Overview
Goal Setting and Planning Overview
- The overall planning process prevents managers from thinking merely in terms of day-to-
day activities.
- The process begins when managers develop the overall plan for the organization by
clearly defining mission and strategic (company-level) goals. Second, they translate the
plan into action, which includes defining tactical objectives and plans, developing a
strategy map to align goals, formulating contingency and scenario plans, and identifying
intelligence teams to analyze major competitive issues. Third,
managers lay out the operational factors needed to achieve goals. Finally, managers
periodically review plans to learn from results and shift plans as needed, starting a new
planning cycle.