Chapter 3: Lecture 2: Planning

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
Image: b2fb70d5-8e34-4f24-8496-45f134e8ddb7.PNG (image/PNG)	Summary
Organizational Structure Image: c846a02c-bec6-47d2-bff8-49f7de17d951.PNG (image/PNG)	Reporting Relationships Goals Co-ordinates Motivates
Functional	Functions CEO #1 Image: 38dab7b5-2868-4b7a-95bf-3c7fc7e8372d.PNG (image/PNG)
Divisional	Product Geographic Market 2 (conflict) Image: 85310034-3148-4b55-98ac-c8f96a3afe14.PNG (image/PNG)
Matrix	Image: 1ceb2a98-209c-49e9-a974-82ed91a372d1.PNG (image/PNG)
Product Team	Image: 3578751a-5581-4dbf-977c-11ce90b95cdf.PNG (image/PNG)
Strategic Alliance B2B	2+ Share Resources/Skills/Risks/Rewards Suppliers/Manufacturers/Distributors

Resource summary

	Created by Miriam Perkins over 10 years ago