Explain the relevance of each of the following terms and concepts to a non management professional. Synergy Scenario Planning Bench-Marking
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Explain the relevance of each of the following terms and concepts to a non management professional.
- Synergy
- Scenario Planning
- Bench-Marking
- Value Chain Analysis
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Solved in 2 steps
- How would you utilize the Bosting Consulting Matrix and Ansoff Matrix in this planning process?Explain these four business management styles in pursuing organizational goals with an example? i)Gold rush ii)functional iii)Process oriented iv)Value orientedPlanning is an all-pervasive and continuous function of rianagement." Discuss the role and importance of planning in the light of the foregoing statement.
- 3. Discuss the nature of an organization’s environments, and identify and describe the components of its general, task, and internal environments 4. Summarize the planning process, and describe organizational goals.What are the differences between Strategic, Tactical, and Operational planning? Provide an example for each type to support your answer.Planning offers three important benefits. They are intensified effort, synergy, and direction. 1. True 2. False
- Discuss the notion of strategic planning being more formal versus informal in an organization. On a 1 to 10 scale from formal to informal, what number best represents your view of the most effective approach? Why?How does strategic planning differ from operational planning, and what are their respective roles in achieving organizational objectives?How do strategic, tactical and operational planning differ? Provide an illustration to help your response for each type.
- You are creating or operating your own business (manufacturing, service company). According to what you have studied in the contemporary management course, you are required to. Prepare the company’s vision, mission and values. propose the company's SWOT matrix from your point of view through the SWOT analysis, identify the main grand startegy (strategic trend) whithin each grand startegy ( strategic trend), set the main goals (3 or 4 goals) the company seeks to achieveCreate an Operational plan Your operational plan should include key processes,structures and strategies involved in the transformation ofinputs into outputs. Where possible, a transformationmodel may be used to demonstrate this process. Thebusiness approach to planning and management ofproduce and services may also be includedDescribe the activities of any small business you know or are familiar with (e.g. physical, online). Using the framework for designing annual objectives, discuss how the small business in question will apportion annual objectives to its staff and control the process Using examples, explain how goals, targets, annual objectives, and long-term objectives will be different among corporate bodies, public sector institutions and non-governmental organizations With one (1) example each, state and explain five (5) outputs derived from a business policy
