Unit 3: Management Functions: Planning - Lesson 3.3: Management and Its Levels of Planning

Vocabulary flashcards covering key terms from the lesson on management planning levels: strategic, tactical, operational planning, and related concepts including vision, mission, values, and the Philippine Development Plan AmBisyon Natin 2040.

Strategic Planning

Planning focused on an organization's general, long‑term objectives (vision, mission, goals, values); long horizon, robust yet flexible.

Vision

The organization's declaration of its desired future direction or what it aims to become.

Mission

The organization's identity and purpose; what it seeks to do and for whom, guiding goals and actions.

Values

Guiding beliefs that influence decisions and behavior; a living document guiding management and hiring.

Tactical Planning

Short‑term plan translating the strategic plan into actionable steps; typically 1–2 years and developed by middle management.

Specific Goals with Fixed Deadlines

Tactical plan components that set concrete objectives with deadlines (often quarterly) to stimulate action.

Budgets

Financial plans within the tactical plan outlining funds available and required to meet goals.

Resources

Assets (human, material, financial) required to achieve tactical goals; includes sourcing if not available.

Funding

Additional strategies needing financing beyond the budget, such as marketing or philanthropic activities, aligned with goals.

Operational Planning

Plan for daily operations; carried out by first‑line managers; highly specific and executable.

Single-Use Plans

Plans created for events or activities that occur only once.

Standing Plans

Plans used repeatedly; include policies, rules, and procedures.

Policy

General guidelines that guide how managers should approach problems and decision‑making.

Rules

Specific regulations detailing how the organization should function.

Procedures

Step‑by‑step processes describing how to accomplish a particular objective.

Top Management

Develops the strategic plan; provides high‑level direction and long‑term goals.

Middle Management

Translates the strategic plan into a tactical plan and allocates resources and budgets.

First-Line Management

Implements operational plans in daily operations; supervises front‑line workers.

AmBisyon Natin 2040

Philippines' national development plan by NEDA; five-year horizon (2017–2022) aiming for inclusive growth, a high-trust society, and global competitiveness.

Vision for Self

In 2040, all Filipinos will enjoy a stable, comfortable lifestyle and secure futures.

Vision for Country

In 2040, the Philippines shall be prosperous, middle-class, healthy, innovative, and a high‑trust society.