Ch 3: Planning & Controls as Management Functions Overview

About This Chapter

Share this chapter with your company's managers to help them review planning and controls as management functions. These simple professional development lessons can help strengthen your managers' professional knowledge and leadership skills at any time.

Planning & Controls as Management Functions Overview - Chapter Summary

In this chapter, your managers will review a collection of short and engaging lessons that discuss planning and controlling in management. Have them work through these informative video lessons to review concepts like strategic planning, total quality management, management by exception, SWOT analysis and much more. The chapter comes with short quizzes to help managers reinforce their understanding of the material. We've also included an Ask the Expert feature that lets your managers submit questions about these topics.

How It Helps

  • Builds awareness: The chapter helps managers develop a high-level awareness of the purpose of planning and controlling in management
  • Outlines useful strategies: Managers will be able to take away strategies and methods for planning, business expansion, total quality management, SWOT analysis and more
  • Helps set company goals: The chapter includes lessons that cover ways that organizations can set goals and review goal results

Skills Covered

By the end of the chapter, your employees will be able to:

  • Describe planning and controlling as management functions
  • Compare types of planning and business strategies
  • Recognize the purpose and applications of SWOT analysis
  • Evaluate examples of effective company mission statements
  • Outline the process of strategic management
  • Analyze macroeconomic issues that arise in business
  • Discuss a variety of methods for international business expansion
  • Identify strategies that are used to break into foreign markets
  • Summarize the five principles of total quality management
  • Set business goals for different departments
  • Recognize the limitations of management by exception
  • Review goal-achievement results

15 Lessons in Chapter 3: Planning & Controls as Management Functions Overview
Test your knowledge with a 30-question chapter practice test
Planning as a Function of Management

1. Planning as a Function of Management

In this lesson, you will learn the role of planning as a function of management. Discover the advantages of and barriers to planning, and how it is used to achieve organizational goals.

Types of Planning: Strategic, Tactical, Operational & Contingency Planning

2. Types of Planning: Strategic, Tactical, Operational & Contingency Planning

This lesson will explain the four types of planning used by managers, including strategic, tactical, operational and contingency planning. Terms, such as single-use plans, continuing plans, policy, procedure and rule, will also be defined.

What is a SWOT Analysis?

3. What is a SWOT Analysis?

In the business world, as in many other places, decisions aren't made lightly. Rather, management spends a long time considering the pros and cons of every choice. This lesson will teach you about one of the key ways they do that, the SWOT analysis.

Applying SWOT Analysis: Case Study

4. Applying SWOT Analysis: Case Study

In this lesson, we will define the SWOT analysis (strengths, weaknesses, opportunities, threats) and explain how it relates to businesses today. The lesson will also make suggestions and recommendations for entering a new market.

Company Mission Statements: Definition & Examples

5. Company Mission Statements: Definition & Examples

This lesson explains the role of a mission statement in an organization. Learn the definition of a mission statement, how they are created and how they are used.

The Strategic Management Process

6. The Strategic Management Process

We will be reviewing the strategic management process, starting with the four main steps of the process. These steps provide the foundation for understanding strategic management as a whole and will serve you well as you deal with management decision-making situations.

Different Types of Business Strategies

7. Different Types of Business Strategies

Businesses are in business to make money. In order to accomplish this objective, a business may employ different business strategies in order to win over customers and generate profit. In this lesson, you'll learn about some of the common strategies.

Macroeconomic Issues in Business

8. Macroeconomic Issues in Business

Businesses ignore general economic issues, such as inflation, interest rates and unemployment, at their own peril. In this lesson, you'll learn about some key economic issues important for businesses to track. A short quiz follows.

International Business Expansion Methods

9. International Business Expansion Methods

Oftentimes, the best opportunities for a business are not at home but abroad. In this lesson, you'll learn about different methods of taking advantage of the international market. You'll also have a chance to take a short quiz after the lesson.

Breaking Into Foreign Markets: International Marketing Strategies

10. Breaking Into Foreign Markets: International Marketing Strategies

Companies look to international markets to increase their sales and profits. Market managers must decide on the mode of entry into a foreign market. The options, ranging from least to most risky, are exporting, licensing, franchising, contract manufacturing, joint ventures and direct investments.

Five Principles of Total Quality Management (TQM)

11. Five Principles of Total Quality Management (TQM)

Total quality management (TQM) is achieved and becomes part of the overall organizational culture when the five principles - produce quality work the first time, focus on the customer, have a strategic approach to improvement, improve continuously and encourage mutual respect and teamwork - are practiced by all employees.

Setting Business Department Goals

12. Setting Business Department Goals

Setting goals is an important part of organizational management. In this lesson, we'll look at a method that departments can use to develop goals that fit into the overall vision of their organization. A short quiz follows the lesson.

Controlling as a Function of Management

13. Controlling as a Function of Management

In this lesson, we will explore the role of controlling as a function of management and its use of various control mechanisms to reach organizational goals.

Management By Exception: Definition and Limitations

14. Management By Exception: Definition and Limitations

Sometimes things go as planned, and sometimes they don't. In this lesson, you'll learn about management by exception, including how it works and its advantages and disadvantages. You'll also have an opportunity to take a short quiz.

Reviewing Goal Achievement: Comparing Results to Set Goals

15. Reviewing Goal Achievement: Comparing Results to Set Goals

Progress towards goals must be monitored and reviewed to determine whether you're on the right track. In this lesson, you'll learn about comparing results against a standard to determine goal achievement.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support