Class Preparation and Personal Study

To help you prepare for class, perform the activities outlined in this section. Performing these activities will help you to significantly enhance your classroom performance.

Reflecting on Target Skill

On page 105, this chapter opens by presenting a target management skill along with a list of related objectives outlining knowledge and understanding that you should aim to acquire related to that skill. Review this target skill and the list of objectives to make sure that you’ve acquired all pertinent information within the chapter. If you do not feel that you’ve reached a particular objective(s), study related chapter coverage until you do.

Know Key Terms

Understanding the following key terms is critical to your preparing for class. Define each of these terms. Refer to the page(s) referenced after a term to check your definition or to gain further insight regarding the term.

  1. planning 107

  2. standing plan 108

  3. single-use plan 108

  4. policy 108

  5. procedure 109

  6. rule 110

  7. program 110

  8. budget 110

  9. organizational objective 112

  10. organizational purpose 112

  11. planning tools 117

  12. forecasting 117

  13. jury of executive opinion method 118

  14. salesforce estimation method 119

  15. moving average method 119

  16. regression method 119

  17. product life cycle 119

  18. product stages method 120

  19. scheduling 121

  20. Gantt chart 121

  21. program evaluation and review technique (PERT) 122

  22. activity 122

  23. event 122

  24. critical path 123

Know How Management Concepts Relate

This section comprises activities that will further sharpen your understanding of management concepts. Answer these essay questions as completely as possible.

  1. 5-1. Describe the various stages involved in the planning process. Use an example to illustrate these stages.

  2. 5-2. Explain the characteristics of effective objectives. Referring to these characteristics, provide an example of an effective objective for a not-for-profit organization of your choice.

  3. 5-3. Describe the relationship between planning and the other general functions of management (organizing, controlling, and influencing). In your opinion, which of the four functions is most important?

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