Vision
Dimension of Plans
Scope
Swot (Internal)
Pestel (External)
Repetitiveness
Single Plan
Standing Plan
Policy
Rule
Budget
Max E Douglas Model
Time
Procedure/Processes
Monthly Target
Set SMART Objectives (Strategic Statements)
Separate for each dept.
Success depends on repetitiveness dim.
Your rules
Way you do things
DLB
But most imp. Your personality, leadership
Levels
Must be specific
Time based
Measurable
Actionable Steps (Repetitive)
Top down & bottom up approach
Short Term <1
Medium 1-3
Long >3
The Facebook Way (3 box model)
Selectively forget the past
Manage the present <1
Plan for the future >1
Broadness
Ratan Tata 3 questions
Where are we now?
Where do we're wanna be?
How do we get there? (Corporate Strategy)
incorporate new company (subsidiary)
Allocate Budget
Plan for people (who will do what, top, middle, entry)
SBU (Strategic Business Unit)
Communicate to all levels telling how they can contribute to achieve it through their Repetitive work
Individual
Team
Division
Dept.
Org.
Job descriptions
Relevant
Balanced score card (4 key pillars)
Learning & Dev Perspective Org dev
Improve knowledge base
Improve employee skill
Reduce people related inefficiencies
Internal processes
Financial Perspective
Customer perspective
Improve production processes
Marketing processes
Supplier base
Improve customer satisfaction
Improve sales
Brand
Higher revenue
Profit
BSC Designer Online
Learning Objectives
Michael Porters 5 force analysis
Intra firm rivalry
Threat of substitutes
High
Medium
Low
Threat of new entrants
Bargaining power of buyers
Bargaining power of suppliers
Technique to answer ques.
Facts of the case
Analysis
Recommendation
Organizing
The #1 mistake businesses make is not hiring a economist on their consultant team (unit eco)
Types of structure
Line, Line Staff
Network
Hybrid
Everyone's got their culture (personality), work ethic, attitude/behaviour (depends on locus of control)
Greatest lesson taught by business sir
If you want to get ahead/ stand out work on 3 things:
Personality
Work attitude
Behaviour
1) Get to Know yourself better (take a mbti personality test)
Why should I enhance it?
How to enhance it?
Matrix (Project)
Hiring done based on project requirement.
On completion of project, relation ends
Process
Horizontal/ Vertical
Fuctional & Divisional
Virtual
Consulting
Things to look for while investing time, money
The nature and compatibility of founders
Exam questions:
Explain major theories of personality.
Trait theory
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