Organizational Planning Chapter 6 MANAGEMENT Meeting and Exceeding Customer Expectations EIGHTH EDITION Prepared by Deborah Baker Texas Christian University Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 1 learning objectives 1. Explain the importance of planning 2. Describe the importance of an organization’s mission statement 3. Discuss the purposes of strategic, tactical, operational, and contingency plans 4. Explain the relationships between strategic, tactical, and operational goals 5. List and explain the steps in a basic planning Chapter 6 process 6. Discuss various ways to make plans effective 7. Describe the barriers to planning Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 2 Planning 1 Chapter 6 Planning Preparing for tomorrow, today Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 3 Planning Responsibilities Chapter 6 1 1. Construct, review, and/or rewrite organization’s mission 2. Identify and analyze their opportunities 3. Establish the goals they wish to achieve 4. Identify, analyze, and select the course(s) of action required to reach goals 5. Determine resourced needed to achieve goals Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 4 2 Mission Statement Chapter 6 Mission Statement When a mission is formalized in writing and communicated to all organizational members Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 5 Mission Statement 2 Includes references to core values and principles Serves as an operational and ethical guide Serves as the foundation and coordinating Chapter 6 device for the: – execution of management functions – behaviors of organizational members – shaping of the organization’s culture Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 6 2 Mission Statement Questions What is our business? Chapter 6 What should it be? From Peter Drucker Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 7 2 Rules for Mission Statements Rule #1: Keep the statement simple; not necessarily short, but simple. Rule #2: Allow companywide input. Rule #3: Involve outsiders. They can bring clarity and a fresh perspective to the statement-writing process. Rule #4: Develop the wording and the tone to reflect the company’s personality or what the company would like to be. Rule #5: Share the mission statement in as many creative ways as possible and in as many languages as necessary. Keep it in front of people constantly. Chapter 6 Rule #6: Rely on the mission statement for guidance. Challenge it continually, and judge employees by how well they adhere to its tenets. Management must say it and live it. Source: From Say it and Live It by Patricia Jones and Larry Kahaner. Copyright © 1995 by Kane Associates International, Inc. Used by permission of Doubleday, a division of Bantam Doubleday Dell Publishing Group, Inc. Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 8 Effective Goals and Objectives Chapter 6 2 Characteristic Explanation Specific and measurable Not all objectives can expressed in numeric terms, but they should be quantified when possible. Realistic and challenging Impossibly difficult objectives demotivate people. Objectives should be challenging but attainable. Focused on key result areas Goals should focus on key results--sales, profits, production, or quality. Cover a specific period A measurable objective is stated in terms of the time in which it is to be completed. Short-term goals should complement longterm goals. Reward performance Objectives are meaningless if they are not directly related to rewards for performance. Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 9 Plans 2 Plan The end result of the planning effort— Chapter 6 Commits individuals, departments, entire organizations, and the resources of each to specific courses of action for days, months, and years into the future Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 10 Plans Chapter 6 2 What identifies the specific goals to be accomplished When answers a question of timing Where concerns the place(s) where the plan will be executed Who identifies specific people who will perform tasks essential to the plan How involves the specific actions to be taken to reach the goals How much is concerned with the expenditure of resources needed to reach the goals Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 11 Stretch Goals 2 Chapter 6 Stretch Goals The end result of the planning goals that require great leaps forward Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 12 2 Strategies and Tactics Strategy Chapter 6 Tactic A course of action created to achieve a long-term goal A course of action created to achieve a short-term goal —an objective Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 13 2 Determining Resource Requirements People Technology Money Information Chapter 6 Supplies Facilities Equipment Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 14 Types of Plans 3 Chapter 6 Mission Strategic Plans Strategic Goals Tactical Plans Tactical Objectives Operational Plans Operational Objectives Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 15 3 Strategic Plans and Goals Strategic Plans Chapter 6 Strategic Goals Contains the answers to who, what, when, where, how, and how much for achieving strategic goals Long-term, companywide goals set by top-management strategic planning efforts. Focus on the changes desired in productivity, product innovation, and responsibilities to stakeholders Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 16 3 An Organization’s Mission and Level of Goals Mission CEO and Board of Directors Strategic Goals Top-Level Management Chapter 6 Tactical Objectives Middle-Level Management Operational Objectives First-Line Management Operational Objectives First-Line Management Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 17 3 Tactical Plans and Objectives Tactical Plan Developed by middle managers, this plan has more details, shorter time frames, and narrower scopes than a strategic plan Usually spans one year or less Chapter 6 Tactical Objectives Short-term goals set by middle managers that must be achieved in order to reach top management's strategic goals and the short- and long-term goals of middle managers Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 18 3 Operational Plans and Objectives Operational Plan The first-line manager’s tool for executing daily, weekly, and monthly activities • Single-Use Plans • Standing Plans Chapter 6 Operational Objectives The specific results expected from first-level managers, work groups, and individuals Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 19 3 Operational Plans Single-Use Plans Standing Plans Programs Policies Procedures Rules Chapter 6 Budgets Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 20 Chapter 6 4 Unified Hierarchy of Goals Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 21 4 Contingency Plans Chapter 6 Contingency Plan An alternative goal and course or courses of action to reach that goal if and when circumstances and assumptions change so drastically as to make an original plan unusable Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 22 Basic Planning Process Chapter 6 5 Step 1 Setting Objectives Step 2 Analyzing and Evaluating the Environments Step 3 Identifying the Alternatives Step 4 Evaluating the Alternatives Step 5 Selecting the Best Solution Step 6 Implementing the Plan Step 7 Controlling and Evaluating the Results Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 23 5 Analyzing and Evaluating the Environment Internal Environment Availability of resources Needs of internal customers External Environment Strengths and weaknesses of suppliers Chapter 6 and partners Availability of labor and technology Needs of external customers Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 24 6 Making Plans Effective Basis for Planning Assumptions Chapter 6 Forecasts Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 25 6 Making Plans Effective Increasing the Probability of Success Effective communication Quality of information Chapter 6 Involvement of others Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 26 6 Planning Tools MBO Management by Objectives Chapter 6 Linear Programming A technique that emphasizes collaborative setting by managers and their subordinates A planning tool that can be used to determine the optimum combination of resources and activities Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 27 7 Barriers to Planning Inability to plan Lack of commitment to the planning process Inferior information Lack of focus on the long term Overreliance on the planning department Chapter 6 Overemphasis on controllable variables Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved 28