Ch 5: Planning in Organizations

About This Chapter

Watch video lessons and take self-assessment quizzes to learn about planning in organizations. These video lessons are short and engaging and make learning easy!

Planning in Organizations - Chapter Summary and Learning Objectives

Planning is something you likely do in your everyday life, but it's also something you have to do in business. Let's say you're going on a vacation. It isn't likely that you'll just wake up one morning and decide to leave. In order to make sure everything goes smoothly, you'll probably book your hotel, plan out your driving route or purchase plane tickets and research area attractions. If you didn't plan, you could run into a lot of problems, such as not having enough money to cover all your expenses or ending up with no hotel to stay in. It's the same in business. You can't run a business smoothly without making plans.

Good management requires good planning. As you will learn in our lessons, planning is a function of management. You'll discover the advantages of proper planning and what things may stand in the way of your planning efforts. Also find out how planning can be used to achieve organizational goals.

Our lessons will show you the different types of planning. Learn about strategic, tactical, operational and contingency planning. After watching our lessons, you'll be able to explain these four types. You'll also be able to define terms that include single-use plans, continuing plans, policy, procedure and rule.

In business, you'll hear the term SWOT. Find out what SWOT stands for as you watch our video lessons. Through examples, you'll see how SWOT works and how it can be used in a business setting.

You'll also take a look at company mission statements and find out how planning plays a role in their creation. You'll be provided with some examples from popular companies, so you can completely understand the role of a mission statement and how it helps to shape and define a corporate organization.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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