Chapter Four Summary Mgt 230

Chapter 4 of the text detailed the planning process for organizational structures. Step one involves situational analysis of reviewing all resources available and needed for the planning of the goals for the company. This analysis looks at past and projected circumstances from internal and external influences. The second step concerns alternate plans and goals. This means that optional methods and goals are explored for future endeavors. Goals fall into categories known as SMART, which stands for specific, measurable, and time-bound. Plans are the methods used to achieve the goals set.

Step three of the planning process entails managers reviewing the pros and cons of the plans and goals set. This is the point when managers establish priorities and eliminate...