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

Slide 2: Overview of Unit 2

Slide 2: Learning Objectives (The "What You Will Learn")

Why Plan?

Step 4: Evaluate Alternatives