Principles Of Management Unit 2 Ppt |link|
1. Definition and Nature of Planning
Planning is widely regarded as the foundational function of management because it determines all subsequent actions.
- Confirmation bias (only hearing good news)
- Overconfidence (thinking storms won’t hit)
- Escalation of commitment (throwing good money after bad)
- Strategic Plans (Top Management): Long-term, company-wide vision (3-5 years).
- Tactical Plans (Middle Management): Translate strategy into departmental actions (6-24 months).
- Operational Plans (Lower Management): Day-to-day, specific tasks (Short term; weeks/months).
- A sample 1-page strategic plan (handout)
- A SMART goals worksheet (editable Word doc linked in slide notes)
- A mini-case study with discussion answers (in the speaker notes)
Here is a suggested outline for a PPT on Unit 2 of Principles of Management: principles of management unit 2 ppt