Ch 3: MTEL Business: Planning Function of Management
About This Chapter
MTEL Business: Planning Function of Management - Chapter Summary
This comprehensive overview of the planning functions of management ensures you have the knowledge needed to answer related questions on the MTEL Business assessment. After reviewing the lessons, you will be prepared to:
- Share details about planning and management
- Describe types of planning, including strategic and tactical
- Define SWOT analysis
- Explain the strategic management process
- Detail the organizational decision-making process
Instructors provide you with the definitions and examples needed to understand the above concepts. If you want additional clarity after reviewing this chapter, submit your topical questions to our experts.
MTEL Business: Planning Function of Management Objectives
In Massachusetts, you must take the MTEL Business assessment to secure the licensure needed to teach business in classrooms. This subject-matter test is computer-based, consisting of 100 multiple-choice questions and two open-response items. Topics in this chapter are found in the business management subarea of the exam, which is in the multiple-choice section and constitutes about 21% of the test.
In addition to reviewing the lessons in this chapter to brush up on your knowledge of the planning functions of management, you can take short quizzes and a chapter exam to test that knowledge. Taking these steps can increase your chances of earning a passing score of 240 or higher on the exam.
1. Planning as a Function of Management
Planning is one of the primary managerial functions and it leads to other managerial functions such as organizing, controlling, and staffing. Learn about planning as a managerial function, the benefits of planning, and the barriers that interfere with planning.
2. Types of Planning: Strategic, Tactical, Operational & Contingency Planning
Businesses use different types of plans such as strategic, tactical, operational, and contingency plans to achieve organizational goals. Discover the differences between these four types of planning and the advantages of using them.
3. What is a SWOT Analysis?
When creating a marketing plan, a business mission statement and a situational analysis are essential to understanding the organization's objective and current environment. Explore SWOT analysis--known as strengths, weaknesses, opportunities, and threats-- and how it is used in analyzing an organization's situation and selling proposition.
4. The Strategic Management Process
Strategic management (planning) begins with environmental scanning: examining political, economical, sociocultural, technological, environmental, and legal factors. This lesson explores the development, implementation, and evaluation of a strategy.
5. The Decision Making Process for Organizations
To achieve success in business, managers must make good decisions. Learn about the steps in the formal decision making process for organizations, including how managers solve problems.
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Other Chapters
Other chapters within the MTEL Business (19): Practice & Study Guide course
- MTEL Business: Management Basics
- MTEL Business: Management Theories
- MTEL Business: Organizing Function of Management
- MTEL Business: Leading Function of Management
- MTEL Business: Leadership Theories
- MTEL Business: Controlling Function of Management
- MTEL Business: Motivation & Management
- MTEL Business: Managing Organizational Change
- MTEL Business: Operational Management
- MTEL Business: Overview of Human Resource Management
- MTEL Business: Job Analysis & Design
- MTEL Business: Hiring & Staffing
- MTEL Business: Employee Training & Assessment
- MTEL Business: Employee Compensation
- MTEL Business: Employment Law & Rights
- MTEL Business: Equal Employment Opportunity
- MTEL Business: Labor Relations
- MTEL Business: Business Communications
- MTEL Business: Overview of the American Legal System
- MTEL Business: Contract Law
- MTEL Business: Property Law
- MTEL Business: Agency Law
- MTEL Business: Creditors' Rights & Bankruptcy
- MTEL Business: Securities & Antitrust Law
- MTEL Business: Product Liability & Consumer Protection
- MTEL Business: Environmental Law
- MTEL Business: Business Law & Ethics
- MTEL Business: Overview of Accounting
- MTEL Business: Accounting Cycle
- MTEL Business: Financial Statements & Ratios
- MTEL Business: Managerial Accounting & Internal Controls
- MTEL Business: Basics of Business Math
- MTEL Business: Probability & Statistics
- MTEL Business: Depreciation
- MTEL Business: Interest & Purchases
- MTEL Business: Financial Analysis
- MTEL Business: Basic Concepts of Microeconomics
- MTEL Business: Supply & Demand in Microeconomics
- MTEL Business: Aggregate Supply & Demand in Macroeconomics
- MTEL Business: Economic Systems & Theories in Macroeconomics
- MTEL Business: Business Cycle, GDP & Growth in Macroeconomics
- MTEL Business: Unemployment & Inflation in Macroeconomics
- MTEL Business: Fiscal Policy & Monetary Policy in Macroeconomics
- MTEL Business: Trade & International Business in Macroeconomics
- MTEL Business: General Marketing Concepts
- MTEL Business: Consumer Behavior
- MTEL Business: Pricing in Marketing
- MTEL Business: Product Development, Market Research & Segmentation
- MTEL Business: Advertising, Promotion & PR
- MTEL Business: Marketing Channels & Distribution
- MTEL Business: Entrepreneurship
- MTEL Business: Information Technology
- MTEL Business: Career Development
- MTEL Business: Consumer Economics & Personal Finance
- MTEL Business Flashcards