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Developing plans is influenced by three contingency factors,”o Organizational level. Lower-level managers do operational planning while upper-level managers do strategic planning.o Degree of environmental uncertainty. When uncertainty is high, plans should be specific
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Read moreCompetitive (business) strategy and types 4 (Porter generic strategies),”how an organization will compete in its business units.o Cost leadership strategy. Having the lowest costs in its industry and aimed at a broad market.o Differentiation strategy. Offering unique products that are widely valued by customers and aimed at broad market.o Focus strategy. A cost advantage (cost focus) or a differentiation focus) in a narrow segment or niche (which can be based on product variety, customer type,distribution channel
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Read moreDeveloping plans is influenced by the approaches to planning (2)
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Read moreSBU
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Read moreFormal planning department (developing plans),”A formal planning department is a group of planning specialists whose sole responsibility is to help write the organizational plans
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Read moreFunctional strategy,”those strategies used by on organization’s functional departments (marketing, HR, operations etc.)
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Read moreContemporary planning issues,”How to plan effectively in a dynamic environment?develop plans that are specific
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Read moreWorkforce diversity,”is the ways in which people in a workforce are similar and different from one another in terms of gender, age, race, sexual orientation, ethnicity, cultural background
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Read moreCore competences
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Core competences the major value[…]
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