Programmed: Routine, repetitive decisions handled by specific rules or habits.
Aggregates the future sales expectations of the frontline sales team to forecast total company demand.
Summary bullet points with light background shading. Core Content:
– Use a two-column comparison chart breaking down Policies/Rules vs. Budgets/Programs. principles of management unit 2 ppt
Modern management often incorporates , which involves assessing external threats and internal strengths to define an enterprise's long-term profile.
MBO shifts the managerial focus from activity to results . It significantly improves employee motivation because team members help set their own performance targets. Slide 6: Strategic Management & Planning Tools Strategic Planning Frameworks Core Bullet Points:
Creating secondary, supporting plans for individual departments (e.g., marketing budget, hiring plans) to bolster the master plan. Core Content: – Use a two-column comparison chart
Policies, Procedures, Methods, and Rules.
Repetitive, structured decisions handled by a routine, systematic procedure (e.g., reordering office supplies).
Modern management heavily relies on collaborative teams. To prevent issues like Groupthink (where the desire for harmony overrides critical thinking), managers utilize specialized slide-ready frameworks: MBO shifts the managerial focus from activity to results
Coined by Peter Drucker, MBO is a strategic management model that aims to improve organizational performance by aligning subordinate objectives with overall corporate goals. The MBO Process Cycle: Set or review organizational objectives.
When discussing planning or strategy, reference a recognizable corporate example to bring the theory to life.
Aggressive new competitors, raw material shortages, economic downturns. 5. Core Pillar 4: Managerial Decision-Making
Assessing market trends, competition, and customer needs.
Planning is an intellectual process that bridges the gap between where an organization is now and where it wants to be. Its primary nature is to be goal-oriented, pervasive across all management levels, and continuous.