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Midterm 2 mgt


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a statement of an organizations fundamental purpose
strategic goal
a goal set and for top management of the organization
tactical goal
a goal set by and for middle managers of the organization
operational goal
a goal set by and for lower level managers of the organization
balancing and reconciling possible conflicts among goals.
strategic plan
a general plan outlining decisions of resources allocation, priorities, and action steps necessary to rach strategic goals.
rules and regulations
describe exactly how specific activities are to be carried out.
operational plan
focuses on carrying out tactical plans to achieve operational goals.
long-range plan
a plan that convers many years, perhaps even decades; common long-range plans are for five years or more.
intermediate plan
a plan that generally convers from one to five years
short-range plan
a plan that generally convers a span of one year or less
action plan
a plan used to operationalize any other kind of plan.
reaction plan
a plan developed to react to an unforeseen circumstance.
contingency planning
the determination of alternative courses of action to be taken if an intended plan is unexpectedly disrupted or rendered inappropriate.
crisis management
the set of procedures the organization uses in the event of a disaster or other unexpected calamity.
tactical plan
a plan aimed at achieving tactical goals and developed to implement specific parts of a strategic plan.
single use plan
developed to carry out a course of action that is not likely to be repeated in the future.
management by objectives
a formalgoal-setting process involving collaboration between managers and subordinates; the extent to which goals are accomplished is a major factor in evaluating and rewarding subordinates performance.
a single use plan for a large set of activities
a single use plan of less scope and complexity than a program.
standing plan
developed for activities that recur regularly over a period of time.
a standing plan that specifies the organization general response to a designated problem or situation
standard operating procedure
a standing plan that outlines the steps to be followed in particular circumstances.

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