function of planning_and_control

Jun 28th, 2015
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Acadia University
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operations are started in accordance with the plant. Actual performance is then compared to the planned performance, and, when required, corrective action is taken. In some instances re-planning is necessary to ensure the effective utilization of the manufacturing facilities and personnel. Let us examine more closely each of these functions.

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Planning And Controlling? What is "Planning"? Planning is a process of? setting objectives and? determining how to accomplish them . ? Key Terms used in Planning Goals comprise the org's purposes statements in wider perspective. Objectives are goals expressed in concrete and measurable terms. Strategies often denote a general program of actions and an implied deployment of emphasis and resources to meet the comprehensive objectives. ? How do managers plan? Steps in the planning process (Stoner/Wankel) Establish a goal or set of goals . What the org. wants or needs. Define the present situation. How far the org. from its goals. Available resources ? Identify the aids and barriers to the goals . What factors in the internal and external environments can help the org. reach its goals. Or, factors which might create problems ? Develop a plan or set of actions for reaching the goal(s): Strategic Plan and Operational Plan ? Approaches to Planning Outside-in Opportunities Threats Inside-Out Strengths Weaknesses Top-Down Bottom-Up ? SWOT Analysis The combined internal and external strategic analysis is referred to as a SWOT analysis. S trengths W eaknesses O pportunities T hreats ? External Analysis Purpose of External Analysis To identify aspects of the external environment that represent either an opportunity for or a threat to the organization. Opportunities: Those environmental trends on which the organization can capitalize and i

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