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Management and Decision Making . Chapter 2. Functions of Management- Planning, Implementation, and Control. Planning- Choosing a course of action. You need to be able to identify goals, amounts of resources available, options or alternatives.

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functions of management planning implementation and control
Functions of Management- Planning, Implementation, and Control
  • Planning- Choosing a course of action. You need to be able to identify goals, amounts of resources available, options or alternatives.
  • Implementation- Starts with procuring inputs of production, including labor. Coordinating, staffing, purchasing and supervising all come under implementation.
  • Control- Monitoring results and recording information and comparing to a standard
  • Adjustment- if not meeting manager’s objectives
functions of management planning implementation and control3
Functions of Management- Planning, Implementation, and Control

How do farm managers differ from industry managers?

Strategic Management versus Tactical Management- SM consists of charting the overall long-term course of the business. TM consists of taking short-run actions to keep the business moving along that course until that destination has been reached.

strategic management
Strategic Management
  • Strategic Management is an ongoing process, seeking to find out what the business should be doing, and its steps are:
    • Define the mission of the business
    • Formulate the goals of the business
    • Assess the resources of the business
    • Survey the business environment
    • Identify and select strategies
    • Implement and refine the selected strategies
tactical decision making
Tactical Decision Making
  • Identify and define the problem or opportunity
  • Identify alternative solutions
  • Collect data and information
  • Analyze the alternatives and make a decision
  • Implement the decision
  • Monitor and evaluate the results
  • Accept responsibility
characteristics of decisions
Characteristics of Decisions
  • Importance
  • Frequency
  • Imminence
  • Revocability
  • Number of Alternatives
the decision making environment in agriculture
The Decision-Making Environment in Agriculture
  • Biological Process and Weather
    • Gestation Period for livestock
    • Makes product unpredictable
the decision making environment in agriculture8
The Decision-Making Environment in Agriculture
  • Fixed Supply of Land
    • Most valuable resource in Ag
    • Must increase in productivity or compete for rental land or land that goes up for sale
the decision making environment in agriculture9
The Decision-Making Environment in Agriculture
  • Small Size
    • 90% of farms in US are sole proprietorships
    • Small Scale operations dominate landscape
the decision making environment in agriculture10
The Decision-Making Environment in Agriculture
  • Perfect Competition
    • How are prices determined?
    • Collective action
    • Niche Marketing
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