StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

MGT 601: WEEK 2 DQ 2 - Assignment Example

Comments (0) Cite this document
Summary
Managers are, therefore, capable of achieving their set organizational goals through three major plans namely Tactical Plans, Strategic Plans…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful
MGT 601: WEEK 2 DQ 2
Read TextPreview

Extract of sample "MGT 601: WEEK 2 DQ 2"

Module Types of Plans Plans are capable of committing departments, individuals, resources and an organization towards specific actions aimed for the future. Managers are, therefore, capable of achieving their set organizational goals through three major plans namely Tactical Plans, Strategic Plans and Operational Plans. In addition, Managers should also come up with contingency plans just in case failure occurs in their original plans (Plunkett, et al, 2013).
How the Plans are distinguished from one another
It is prudent to note that operational plans result in the achievement or attainment of the tactical plans which, in turn, result in the achievement of the strategic plans. An operational plan refers to one which is used by the manager in order to accomplish the job responsibilities. Operational plans which can either be ongoing plans or single-use plans are, therefore, developed by team leaders, supervisors and facilitators in order to support tactical plans.
Tactical Plans are normally concerned with what must be done within each division in the lower level units, how they must perform it and who is responsible at each specific level. Tactical plans are normally concerned with narrower scopes and shorter time frames as opposed to the strategic plans. On the other hand, a strategic plan contains an outline of the steps and goals of an entire organization and it can plan for five or more years. Contingency plans enable an organization to adapt, attain flexibility and master the changing business environment (Gupta, 2009).
In my opinion, plans having incremental objectives cannot be effective as those which have stretched goals since stretch goals are capable of helping an individual to achieve new heights in performance through working towards a goal which is more aggressive and increasing the likelihood of boosting one’s results. Stretch goals are more effective than plans having incremental objectives because they are capable of helping individuals to renew enthusiasm through encouragement and experimentation (Camelio, 2008).
Works Cited
Camelio, Frank. One Last Hope…New York, Xlibris Corporation, 2008.
Gupta, Meenakshi. Principles of Management. New York, PHI Learning, 2009.
Plunkett, W. R., Allen, G. S., & Attner, R.F). Management: Meeting and Exceeding Customer Expectations. Mason, OH : South-Western Cengage Learning, 2013. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“MGT 601: WEEK 2 DQ 2 Assignment Example | Topics and Well Written Essays - 250 words”, n.d.)
MGT 601: WEEK 2 DQ 2 Assignment Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/management/1661675-mgt-601-week-2-dq-2
(MGT 601: WEEK 2 DQ 2 Assignment Example | Topics and Well Written Essays - 250 Words)
MGT 601: WEEK 2 DQ 2 Assignment Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/management/1661675-mgt-601-week-2-dq-2.
“MGT 601: WEEK 2 DQ 2 Assignment Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/management/1661675-mgt-601-week-2-dq-2.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF MGT 601: WEEK 2 DQ 2

Week 8 DQ 2

...Running head: WEEK 8 DQ 2 Week 8 DQ 2 Educational WEEK 8 DQ 2 2 Week 8 DQ 2 According to Commager (1943), “Few American political institutions have been more elaborately explained and documented than judicial review; none, it is safe to say, is less understood.” However, it is nigh to impossible to say that judicial review poses a problem for democracy. To clarify, a judicial review gives or denies judicial sanction to an act passed by the majority of a legislative body and by an executive as well as a majority vote...
1 Pages(250 words)Essay

Geology Week 2 DQ 1

...Geology Affiliation: What are the three types of plate boundaries? How do they form? Convergent plate boundary – This boundary is formed as a result of the movement of two tectonic plates towards each other. The plates may be of similar or different densities. Tectonic plates of equal densities converge, resulting in uplifts and events that form mountains. On the other hand, in tectonic plates of unequal density, the denser plate sinks under the lighter one and settles at the mantle (Rhodes & Perlman, 2001). Divergent plate boundary – This boundary is formed by two tectonic plates that move away from each other. In other words, they move in relatively opposite directions (Rhodes & Perlman, 2001). This process enables creation... Affiliation: ...
1 Pages(250 words)Essay

Mgt dq 2 wk2

...& Helfat, 2010). The type of businesses that would benefit the most from strategic management are those which are relatively stable over long periods of time. The method produces strategies that are meant to be long-term in scope, but rapidly changing markets and/or operation restrictions could make this goal virtually impossible (Wall, 2010) using traditional strategic management methods alone. However, strategic management is highly valuable where chaos is less of a concern, as it may be the best option to optimize the use of available resources. Reference Allison, M., & Kaye, J. (2011). Strategic planning for nonprofit organizations: A practical guide and workbook. Wiley. Leiponen, A., & Helfat, C. E. (2010). Innovation...
1 Pages(250 words)Essay

MGT 601: WEEK 2 DQ 1

... Introduction Decision Making Tools Executive Information System (EIS) refers to focused information system that support senior-level decision-making and management. Thus, EIS applies critical information from sections within an organization to facilitate senior level management (Leidner, Elam 1993). The accessibility of reliable information and sources is an important aspect of executive decision-making. Decision-making entails scanning, communication and monitoring of data. Efficient decision-making process, therefore, include swiftness off issue identification, degree of problem analysis and decision-making approaches. The whole process of decision-making depends on a mixture of; competent leadership and sound judgment... Introduction...
1 Pages(250 words)Assignment

MGT 601: WEEK 2 ASSIGNMENT

... Module The Strategic Planning Process INTRODUCTION To a business entity, strategic planning is a tool or map which defines theroutes, that when adopted by a business entity will result to a higher probability of getting from where it is to where its stakeholders or owners want it to go. Just like in a road rally, the strategic plans also encounter numerous obstacles and tours which call for adjustments and adaptation as the plan becomes implemented. In essence, strategic plan is actually a process that is known to bring to life an enterprise’s vision and mission. A good strategic plan that is of value and which is well crafted is normally driven or implemented from the top down in the organization and it gives consideration... Module The...
4 Pages(1000 words)Assignment

MGT 601: WEEK 3 DQ 1

...Management 27/10/14 Organization are formed to achieve a predetermined target (Plunkett, Allen and Attner). Therefore, organization recruit expert who are knowledgeable in specific areas that address issues at stake. Moreover, a successful organization comprises of the right personnel for specific tasks. Furthermore, organization require division of labour to enable the employee achieve the highest desirable services with ease and at minimal period. It is for this reason that organizations established department that also are subdivided into smaller group tasked with specific duties. The division of labour and specialization in the workplace has ignited changes in the reorganization of organizations around the world. Moreover... 27/10/14...
1 Pages(250 words)Assignment

WEEK 2 DQ 1

...such concerns as whether an individual can get along well with others, possesses good relationships in a group setting and finally has excellent and interpersonal skills. In addition, cognitive intelligence is basically on the basis of Intelligent Quotient (IQ). Normally, EI combines both the cognitive and non-cognitive skills; maintaining the fact that these 2 factors portray an individual’s potential to be effective. Nevertheless, some other studies have shown that EI alone cannot be a perfect predictor of effectiveness of a person within the work environment (Baack,...
1 Pages(250 words)Assignment

WEEK 2 DQ 2

...of the needs in the hierarchy, whereas Maslow’s theory considers a systematic satisfaction of the needs starting from the bottom to the top. The third difference also relates to the movement within the hierarchy (Loh, Dawn, & Schapper, p. 14). The ERG theory states that a person can move backwards in the satisfaction of their needs, while Maslow’s theory states that once a need is satisfied the situation becomes permanent. I have applied the ERG theory in various ways. For instance, there was a time when I became sick and had an admission at the hospital. The treatment took a whole week and I could not manage to pay the bill because the money I had was meant for the college semester that followed. However, I had to...
1 Pages(250 words)Assignment

Week 5 DQ 2

...Virtual Teams Virtual Teams A virtual platform encompasses a geographic allocation on the bases of assembly of a team of people who work on similar grounds and share like goals and adhere to parallel objectives. They share strong bonds of communication to fulfill their working obligations via the exciting up to date field of Information Technology. Virtual world that was once a dream, now has a purely true existence. Everyday rapid advancements in technology have made this dream come true that was once an assumed fantasy. Technology has made it possible to unfold the restricted bounds of information that has now undoubtedly become versatile via the virtual organizations. Sharing and appreciation of valuable information has now... Teams...
1 Pages(250 words)Assignment

OMM 615: Week 2 DQ 2

...OMM 615: Week 2 DQ 2 OMM 615: Week 2 DQ 2 The market opportunity process has various outcomes. The first one is a good comprehension of the most vital market segments, the rate at which the opportunity is growing, and the core long-term differentiations and why they are crucial. Other outcomes include knowledge of future opportunities and an understanding of the firm’s readiness in terms of technology, competition, and finances, knowledge of unmet market needs, target markets, competitive advantages, and the organization’s resource capacity (Tracy, 2014). Two prominent components of market opportunity analysis are competitor analysis and customer needs analysis. Competitor analysis is a critical aspect of MOA because it provides... 615: Week...
1 Pages(250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic MGT 601: WEEK 2 DQ 2 for FREE!

Contact Us