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CH5 Foundations of Planning (Why Managers Needs to Plan (Changes in the…
CH5 Foundations of Planning
Why Managers Needs to Plan
Changes in the Environment
Facilitate Control
Provide Direction
Reduce the Impact of Change
Criticism of Formal Planning
It couldn't replace intuition and creativity
Only Focus on Today's Competition
Create Rigidity
Reinforces Success May Leads to Failure
Strategic Management
Process
Formulate Strategies
Implement Strategies
SWOT Analysis
Internal
External
Evaluate Results
Identify the Situation
Strategic Weapons
Innovation
Quality
Employee Skills and Loyalty
Social Media
Costumer Service
Big Data
Stategy
Competitive Strategy
Functional Strategy
Corporate Strategy
Goals
Types
Stated Goals
Real Goals
How to Set Goals
Traditional Goal Setting
MBO
Plans
Types
Time Frame
Long Term
Short term
Specificity
Specific
Derectional
Breadth
Strategic Plans
Tactical
Frequent of Use
Single-Use
Standing
Developing
Contingency
Degree of Environmental Uncertainty
Length of Future Commitments
Organization Level
Contemporary Planning Issues
Dynamic Environment
Environment Scanning