About This Chapter
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.
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.
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.
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.
4. 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.
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Other chapters within the UExcel Principles of Management: Study Guide & Test Prep course
- Management Basics
- Classical School of Management
- Behavioral School of Management Theory
- Contemporary and Future School of Management Theory
- Organizational Change
- Organizing in Business Management
- Work Teams
- Leading in Organizations
- Leadership Theory
- Motivation in the Workplace
- Communication in the Workplace
- Controlling in Organizations
- Human Resources
- Strategic Management and Managerial Decision Making
- Production and Quality Assurance
- International Management and Contemporary Issues
- UExcel Principles of Management Flashcards