Chapter 3: Lecture 2: Planning

Description

University First Year BUS176 Management & Governance Flashcards on Chapter 3: Lecture 2: Planning, created by Miriam Perkins on 11/03/2015.
Miriam Perkins
Flashcards by Miriam Perkins, updated more than 1 year ago
Miriam Perkins
Created by Miriam Perkins over 9 years ago
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Resource summary

Question Answer
Planning: Goal selection/action Strategy: Decisions/Recourses
Vision - Where Mission- Purpose Goals- Targets Plans- Instructions Goals Define Formulating Strategy - Situation Implement- Change Recourse Allocation Eval/Feedback
SMART: Specific Measurable Attainable Relevant Time Limited
SWOT STRENGTHS WEAKNESSES OPPORTUNITIES THREATS
5FM Rivalry Entry Suppliers Customers Substitutes
PESTO Political Economic Social Technological Overseas
Scenario Planning Forecast Respond Multiple
MBO Management by Objective
Levels of Strategy Corporate Business Functional
Corporate Growth Create Value
Business Opportunities Threats Compete
Functional Department Function
Vertical Integration Own Backward (Raw) Forward (Customer)
Business F/D (Segment, Whole, Niche) Differentiation Low-cost
Summary
Organizational Structure Reporting Relationships Goals Co-ordinates Motivates
Functional Functions CEO #1
Divisional Product Geographic Market 2 (conflict)
Matrix
Product Team
Strategic Alliance B2B 2+ Share Resources/Skills/Risks/Rewards Suppliers/Manufacturers/Distributors
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