Learning Objectives You should learn to: -Define planning Explain why managers plan Describe what role goals play in planning Distinguish among the different types of plans -Tell how goals are established Describe the characteristics of well-designed goals ©Prentice Hall,2002 7-2Learning Objectives You should learn to: – Define planning – Explain why managers plan – Describe what role goals play in planning – Distinguish among the different types of plans – Tell how goals are established – Describe the characteristics of well-designed goals © Prentice Hall, 2002 7-2