Management 301 Notes Week of Feb 8th
Management 301 Notes Week of Feb 8th MGMT 301
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This 1 page Class Notes was uploaded by Christopher Raite on Monday February 8, 2016. The Class Notes belongs to MGMT 301 at Pennsylvania State University taught by Ronald Johnson in Winter 2016. Since its upload, it has received 15 views.
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Date Created: 02/08/16
Week Three Of Management Notes: ONLY ONE DAY OF CLASS THIS WEEK EXAM IS ON WEDNESDAY- FRIDAY th Notes for Monday Febuary 8 : 52) Objective Hierarchy: Plans are at the top, then are dropped down throughout pyramid of employment 53) Functional Planning: Types of tactics Operational: Financial, Marketing and Production Tactical: Facilities and Human resources Strategy: is the leadership side of deciding what to do 54) Difference between Policy and Procedure: Policy: Broad guidelines Procedures: Specific actions implemented by the company 55) Planning tools: THE BIG 6 ** ON EXAM** 1. Forecasting- Uses stats and data to predict future staff 2. Contingency-Identify circumstances of their actions 3. Scenario- Considering future scenarios and their effect on the action 4. Benchmarking- comparing the company to outside organizations 5. Participatory- Including those who impacted, in the process 6. Goal Setting- Developing clear goals to measure and guide the companies and individuals work
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