Lecture 8 - Organization and Management - Organizational Planning and Decision- Making

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16 Terms

1

SMART Goals

Specific, Measurable, Achievable, Relevant, Time-bound criteria for setting effective goals.

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2

SWOT Analysis

A strategic planning tool used to identify the Strengths, Weaknesses, Opportunities, and Threats of an organization.

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3

Contingency Plans

Plans developed to address unexpected conditions or emergencies.

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4

Decision-Making

The process of identifying problems and opportunities and resolving them.

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5

Programmed Decisions

Decisions made in response to recurring organizational problems based on established rules.

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6

Nonprogrammed Decisions

Decisions made in response to unique, poorly defined, and largely unstructured situations.

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7

Organizational Mission

The organization's reason for existing and its fundamental purpose.

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8

Strategic Goals

Broad goals that define where the organization wants to be in the future.

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9

Tactical Goals

Goals that apply to middle management, defining outcomes that major divisions must achieve.

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10

Operational Goals

Specific results expected from departments and individuals.

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11

Hierarchy of Goals

The arrangement of goals at different organizational levels, including operational, tactical, and strategic goals.

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12

Decision Quality

The effectiveness of decisions made by managers, impacting the performance of the organization.

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13

Crisis Management Planning

Planning that involves preparation for sudden and devastating events requiring immediate response.

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14

Rational Decision Making Model

A model suggesting decision makers operate to accomplish clearly defined goals using logic and complete information.

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15

Administrative Decision Making Model

A model where decision makers often encounter vague goals with limited information, leading to satisficing solutions.

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16

Political Decision Making Model

A model depicting how decisions are made in complex environments with conflicting goals among managers.

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