CHAPTER 5
Planning and Decision Making
Decision makers need to factor into their present decisions the “future that has already happened.”1
Peter Drucker
KEY WORDS
Planning Goals Objectives Short-, intermediate-, andlong-range plans Strategic plans Operational plans Single-use and standing-use plans |
Top-down and bottom-up plans Contingency and crisis plans Mission statement Vision statement Values statement SWOT analysis Decision-making Inventory of alternatives |
As noted in Chapter 1, Management and the Arts, planning is one of the primary functions of management. However, as the above quote also notes, the decisions made in planning for an organization are often a product of changes that have already taken place in the world. Thus, ...
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