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Planning. Vision: Define basic function or task of an organization. Objective. Goals or end points / results that are to be achieved. Strategies. Direction in which resources are channelized to reach goals. Policies. Guide points of what to do and what not to do. Guide in decision making.
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Planning Vision: Define basic function or task of an organization
Objective Goals or end points / results that are to be achieved
Strategies Direction in which resources are channelized to reach goals
Policies Guide points of what to do and what not to do. Guide in decision making.
Procedures Establish required method of handling future activities. E.g. Procedure for placing a purchase
Rules Clearly spell out what action one should do and one should not
Programs Designed to carry out course of action
Budget A numberised program/ Statement of anticipated results.
OrganizingClarify who is to do what task and who is responsible for what results Informal Formal • Arising spontaneously as people associate with one another. Intentional structure of roles. Must be flexible.
Departments Function – Product – Territory – Customer – Process - Sequence
Staffing and training Selecting appropriate person and bringing best out of a person and retaining.
Controlling Reporting and delegation of authorities
Designing business portfolio Collection of businesses and products