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Summary Management, ISBN: 9780357033807 Principles and Practice of Management (MGT1014)

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Chapter 7
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October 5, 2021
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2021/2022
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PRINCIPLES AND PRACTICE MANAGEMENT MGT1014: Chapter 7: Planning and Goal Setting

Goal> desired future condition that the organization wants to realize

Plan> a blueprint for goal achievement & specifies the necessary resource allocations, schedules, tasks

Planning= Goal (future)+Plan(today) know the goals, define how to achieve

create too much pressure cause dsyfunctional or unethical behaviour


limitations
create a false sense of certainty all planning is based on assumptions, don't know the future




cause rigidity=fixed in a turbulent lock the organization into specific plans, which no longer be appropriate,
environment requires a degree of flexibility



get in the way=difficult of intuition in MBO, employees play it safe to achieve objectives rather than offer
& creativity creative ideass



provide a source of reduce uncertainty for employees & know what
motivation & they should accomplish
commitment

benefits
ensure efficient use of
resources decide where they need to alllocate resources




a guide to action focus attention on specific tarets & directs employee
efforts toward important outcomes



set a standard of
define desired outcomes, also establish performance criteria
performance


Jia Shiuan Ho

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Jia Shiuan Ho
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