MGMT- Plan

• What are the FIVE functions of management?

  Planning, organizing, staffing, directing, controlling
• How would you remember the functions of management if you forgot them? (What is the phrase?)

  Please Offer Sandwiches During Closing
• What does Planning mean?

  -Primary function of management
• What do we think of when we talk about planning?

  The 2 Ps (Policies and Procedures)
• What are Policies?


  - General decision-making guides

  
  

  Ex: RD consults have to be made within 48 hours.
• What are Procedures?


  -Detailed guidelines for planned activities that occur regularly

  
  

  Ex: Steps for food tray
• How many types of planning do we have?

  1. Short Range (Operational planning).

  2. Long Range

  3. Strategic Planning
• What does Short Range Planning (Operational Planning) mean?

  - Think of the operational budget (food, Labor).

  
  

  - 1 year or less
• What does Long Range Planning mean?

  - Think of the goals and objectives of the company being met.

  
  

  - Think of Mission and Vision statements

  
  

  - Up to 5 years
• What does Strategic Planning means and what does it include?

  - Best way to accomplish long-term goals

  
  

  OR

  
  

  Decisions about future outcomes

  
  

  - SWOT ANALYSIS
• What does SWOT in SWOT analysis stand for?

  S= Strengths

  W= Weaknesses

  O= Opportunities

  T= Threats
• What is a vision statement?

  -Future

  - Effect

  - Aspirations and goals

  - Something to be accomplished
• What is a mission statement?

  - Present

  -Cause

  -Purpose

  - Something to be pursued for that accomplishment

  
  

  {Describes what a company does that is different from others. It should reflect the goals of the company.}
• Objectives


  Serve as motivators, are predetermined and provide direction to the managers on where to place their efforts.
• Standing plan


  their policies/ procedures do not change ex: hiring process
• Single use plan


  To be used only once