SlideShare a Scribd company logo
UNIT 4- PLANNING SKILLS OF MANGEMENT
Ch. 10 “Planning & Strategic Management”
10.1 (Page1A/1B) SLIDES 1-6, 10.2 (Page 2) SLIDES 7-12
Planning & Strategic Management
Formal Planning- Strategic studying of an
issue and the preparation of a written
document to deal with the problem.
3 RANGES
• Short term- 1 year plan
• Long-range- 3 to 5 years plus
• Intermediate- 1-3 year (the gap between short term and
long range plans)
Strategy- an outline of basic
management steps to achieve a goal
• I. Grand or corporate strategies- Overall (Big
Picture) direction for company.
• A) Growth Strategies- steps to increase sales
or products
– Concentration- extend the sale of current
products
– Vertical Integration- extend into new markets
(locations)
– Diversification- introduce new or better products
Strategies (continued)
• B) Stability Strategy- keeping the company
operating on the same level- no new
development.
• C) Defensive Retrenchment Strategy-
Developing a plan for a company that is losing
sales or profit.
– Turnaround- plan to regain success
– Diverstiture- to sell a portion of the business (non-profit
part of business)
– Liquidation- entire company is sold or dissolved
D) Combination Strategy- using several of these
strategies at once to maximize profit.
II. Business Strategy- Plans that only
affect 1 or 2 departments of business
• Overall cost leadership- plan to produce and
deliver current product at a lower cost.
• Differentiation- making product(s) more
unique/different.
III. Functions Strategies- Short range
operation plan
• 5 most common function plans
• 1. Sales & Marketing- new products and
selling techniques
• 2. Production- making more products faster
• 3. Finance- controlling expenses
• 4. Research & Development- Making new or
better products
• 5. Personnel- Managing employees
Section 10.2
• Strategic Management- Application of the
basic planning process by management.
• Strategic Management Approach
(list and define 3 phrases)
Formation- developing the plan
Implementation- activating the plan
Evaluation- analyzing/adjusting the plan
Formulating Strategy- Total vision and business level
strategy planning.
Mission Statement
• Mission Statement- a company’s written
statement of purpose- the vision for the
company
*objectives of the MS
– Common vision and purpose
– Motivating resource
– Standard of values
– Business Culture of company
• Goals- Companies direction, what do we want
to accomplish
• Policies- Rules of a company
• Procedures- Detailed steps of operating within
those rules.
• Rules- limits and guidelines
SWOT analysis- A tool to evaluate the
health of a company
• Implementing Strategy- How to activate plan
• Evaluating Strategy- How to analyze and adjust the plan
Managers should ask
• Does the plan need revising
• What are the possible problem areas
List the 3 basic strategy evaluation activities
• Review all factors (internal and external)
• Measure performance (increase sales, decrease costs)
• Taking corrective action
ONLINE RESEARCH
• APPLE
Research: Mission statement, various products,
SWOT analysis: Strengths
Weaknesses
Opportunities
Threat

More Related Content

Similar to CH 10 part 1 and 2PPT.pptx

10 2 strategic management process
10 2 strategic management process10 2 strategic management process
10 2 strategic management process
Mamun Mozid PGDHRM, CSCM
 
The Five Step Approach to Creating Strategic Planning Road Maps for Customer ...
The Five Step Approach to Creating Strategic Planning Road Maps for Customer ...The Five Step Approach to Creating Strategic Planning Road Maps for Customer ...
The Five Step Approach to Creating Strategic Planning Road Maps for Customer ...
Vivastream
 
1.corporate strategy &policy overview
1.corporate strategy &policy overview1.corporate strategy &policy overview
1.corporate strategy &policy overview
ShaifaliGupta22
 
Strategic Management Basics 5.ppt
Strategic Management Basics 5.pptStrategic Management Basics 5.ppt
Strategic Management Basics 5.ppt
Kaarthiekheyan
 
Chap008.ppt
Chap008.pptChap008.ppt
Chap008.ppt
SubhanAli78
 
Business-Strategic-Planning.pptx
Business-Strategic-Planning.pptxBusiness-Strategic-Planning.pptx
Business-Strategic-Planning.pptx
Wilson Delgado
 
Strategic Management & Planning
Strategic Management & PlanningStrategic Management & Planning
Strategic Management & Planning
jasiya4u
 
Planning
PlanningPlanning
Planning
marlinamoy
 
Planning
PlanningPlanning
Planning
marlinamoy
 
5. Business Planning & strategy
5. Business Planning & strategy5. Business Planning & strategy
5. Business Planning & strategy
Sudhir Upadhyay
 
Strategic Management part_03_03
Strategic Management part_03_03Strategic Management part_03_03
Strategic Management part_03_03
Ramadan Babers, PhD
 
Principles of Management - unit 2 planning
Principles of Management - unit 2 planningPrinciples of Management - unit 2 planning
Principles of Management - unit 2 planning
Ganesha Pandian
 
Strategies, policies, and planning premises - MANAGEMENT PROCESS
Strategies, policies, and planning premises - MANAGEMENT PROCESSStrategies, policies, and planning premises - MANAGEMENT PROCESS
Strategies, policies, and planning premises - MANAGEMENT PROCESS
Ramasubramanian H (HRS)
 
chapter01.ppt
chapter01.pptchapter01.ppt
chapter01.ppt
rockstar748055
 
Strategic Management Introduction.ppt
Strategic Management Introduction.pptStrategic Management Introduction.ppt
Strategic Management Introduction.ppt
DrMJULIASCEASAR
 
Corporate and Business Strategy Toolkit
Corporate and Business Strategy ToolkitCorporate and Business Strategy Toolkit
Corporate and Business Strategy Toolkit
Aurelien Domont, MBA
 
Nature of sm ppt
Nature of sm pptNature of sm ppt
Nature of sm ppt
Dr.Meera Uday
 
Business planning
Business planningBusiness planning
Business planning
Cogite coworking space
 
Mastering the management system
Mastering the management systemMastering the management system
Mastering the management system
Krishna Kumar Paul
 
STRATEGIC MANAGEMENT
STRATEGIC MANAGEMENTSTRATEGIC MANAGEMENT
STRATEGIC MANAGEMENT
anu bajracharya shakya
 

Similar to CH 10 part 1 and 2PPT.pptx (20)

10 2 strategic management process
10 2 strategic management process10 2 strategic management process
10 2 strategic management process
 
The Five Step Approach to Creating Strategic Planning Road Maps for Customer ...
The Five Step Approach to Creating Strategic Planning Road Maps for Customer ...The Five Step Approach to Creating Strategic Planning Road Maps for Customer ...
The Five Step Approach to Creating Strategic Planning Road Maps for Customer ...
 
1.corporate strategy &policy overview
1.corporate strategy &policy overview1.corporate strategy &policy overview
1.corporate strategy &policy overview
 
Strategic Management Basics 5.ppt
Strategic Management Basics 5.pptStrategic Management Basics 5.ppt
Strategic Management Basics 5.ppt
 
Chap008.ppt
Chap008.pptChap008.ppt
Chap008.ppt
 
Business-Strategic-Planning.pptx
Business-Strategic-Planning.pptxBusiness-Strategic-Planning.pptx
Business-Strategic-Planning.pptx
 
Strategic Management & Planning
Strategic Management & PlanningStrategic Management & Planning
Strategic Management & Planning
 
Planning
PlanningPlanning
Planning
 
Planning
PlanningPlanning
Planning
 
5. Business Planning & strategy
5. Business Planning & strategy5. Business Planning & strategy
5. Business Planning & strategy
 
Strategic Management part_03_03
Strategic Management part_03_03Strategic Management part_03_03
Strategic Management part_03_03
 
Principles of Management - unit 2 planning
Principles of Management - unit 2 planningPrinciples of Management - unit 2 planning
Principles of Management - unit 2 planning
 
Strategies, policies, and planning premises - MANAGEMENT PROCESS
Strategies, policies, and planning premises - MANAGEMENT PROCESSStrategies, policies, and planning premises - MANAGEMENT PROCESS
Strategies, policies, and planning premises - MANAGEMENT PROCESS
 
chapter01.ppt
chapter01.pptchapter01.ppt
chapter01.ppt
 
Strategic Management Introduction.ppt
Strategic Management Introduction.pptStrategic Management Introduction.ppt
Strategic Management Introduction.ppt
 
Corporate and Business Strategy Toolkit
Corporate and Business Strategy ToolkitCorporate and Business Strategy Toolkit
Corporate and Business Strategy Toolkit
 
Nature of sm ppt
Nature of sm pptNature of sm ppt
Nature of sm ppt
 
Business planning
Business planningBusiness planning
Business planning
 
Mastering the management system
Mastering the management systemMastering the management system
Mastering the management system
 
STRATEGIC MANAGEMENT
STRATEGIC MANAGEMENTSTRATEGIC MANAGEMENT
STRATEGIC MANAGEMENT
 

Recently uploaded

哪里办理美国中央华盛顿大学毕业证双学位证书原版一模一样
哪里办理美国中央华盛顿大学毕业证双学位证书原版一模一样哪里办理美国中央华盛顿大学毕业证双学位证书原版一模一样
哪里办理美国中央华盛顿大学毕业证双学位证书原版一模一样
qo1as76n
 
UNIT V ACTIONS AND COMMANDS, FORMS AND CONTROLS.pptx
UNIT V ACTIONS AND COMMANDS, FORMS AND CONTROLS.pptxUNIT V ACTIONS AND COMMANDS, FORMS AND CONTROLS.pptx
UNIT V ACTIONS AND COMMANDS, FORMS AND CONTROLS.pptx
GOWSIKRAJA PALANISAMY
 
Maximize Your Content with Beautiful Assets : Content & Asset for Landing Page
Maximize Your Content with Beautiful Assets : Content & Asset for Landing Page Maximize Your Content with Beautiful Assets : Content & Asset for Landing Page
Maximize Your Content with Beautiful Assets : Content & Asset for Landing Page
pmgdscunsri
 
UNIT IV-VISUAL STYLE AND MOBILE INTERFACES.pptx
UNIT IV-VISUAL STYLE AND MOBILE INTERFACES.pptxUNIT IV-VISUAL STYLE AND MOBILE INTERFACES.pptx
UNIT IV-VISUAL STYLE AND MOBILE INTERFACES.pptx
GOWSIKRAJA PALANISAMY
 
一比一原版(BU毕业证)波士顿大学毕业证如何办理
一比一原版(BU毕业证)波士顿大学毕业证如何办理一比一原版(BU毕业证)波士顿大学毕业证如何办理
一比一原版(BU毕业证)波士顿大学毕业证如何办理
peuce
 
Impact of Fonts: in Web and Apps Design
Impact of Fonts:  in Web and Apps DesignImpact of Fonts:  in Web and Apps Design
Impact of Fonts: in Web and Apps Design
contactproperweb2014
 
Revolutionizing the Digital Landscape: Web Development Companies in India
Revolutionizing the Digital Landscape: Web Development Companies in IndiaRevolutionizing the Digital Landscape: Web Development Companies in India
Revolutionizing the Digital Landscape: Web Development Companies in India
amrsoftec1
 
EASY TUTORIAL OF HOW TO USE CAPCUT BY: FEBLESS HERNANE
EASY TUTORIAL OF HOW TO USE CAPCUT BY: FEBLESS HERNANEEASY TUTORIAL OF HOW TO USE CAPCUT BY: FEBLESS HERNANE
EASY TUTORIAL OF HOW TO USE CAPCUT BY: FEBLESS HERNANE
Febless Hernane
 
一比一原版(LSBU毕业证书)伦敦南岸大学毕业证如何办理
一比一原版(LSBU毕业证书)伦敦南岸大学毕业证如何办理一比一原版(LSBU毕业证书)伦敦南岸大学毕业证如何办理
一比一原版(LSBU毕业证书)伦敦南岸大学毕业证如何办理
k7nm6tk
 
SECURING BUILDING PERMIT CITY OF CALOOCAN.pdf
SECURING BUILDING PERMIT CITY OF CALOOCAN.pdfSECURING BUILDING PERMIT CITY OF CALOOCAN.pdf
SECURING BUILDING PERMIT CITY OF CALOOCAN.pdf
eloprejohn333
 
International Upcycling Research Network advisory board meeting 4
International Upcycling Research Network advisory board meeting 4International Upcycling Research Network advisory board meeting 4
International Upcycling Research Network advisory board meeting 4
Kyungeun Sung
 
Top Interior Designers in Bangalore.pdf1
Top Interior Designers in Bangalore.pdf1Top Interior Designers in Bangalore.pdf1
Top Interior Designers in Bangalore.pdf1
Decomart Studio
 
Virtual Tour Application Powerpoint for museum of edinburgh
Virtual Tour Application Powerpoint for museum of edinburghVirtual Tour Application Powerpoint for museum of edinburgh
Virtual Tour Application Powerpoint for museum of edinburgh
millarj46
 
Technoblade The Legacy of a Minecraft Legend.
Technoblade The Legacy of a Minecraft Legend.Technoblade The Legacy of a Minecraft Legend.
Technoblade The Legacy of a Minecraft Legend.
Techno Merch
 
ZAPATILLAS 2 X 110 ABRIL.pdf compra economico
ZAPATILLAS 2 X 110 ABRIL.pdf compra economicoZAPATILLAS 2 X 110 ABRIL.pdf compra economico
ZAPATILLAS 2 X 110 ABRIL.pdf compra economico
jhonguerrerobarturen
 
一比一原版(UW毕业证)西雅图华盛顿大学毕业证如何办理
一比一原版(UW毕业证)西雅图华盛顿大学毕业证如何办理一比一原版(UW毕业证)西雅图华盛顿大学毕业证如何办理
一比一原版(UW毕业证)西雅图华盛顿大学毕业证如何办理
kecekev
 
Heuristics Evaluation - How to Guide.pdf
Heuristics Evaluation - How to Guide.pdfHeuristics Evaluation - How to Guide.pdf
Heuristics Evaluation - How to Guide.pdf
Jaime Brown
 
Connect Conference 2022: Passive House - Economic and Environmental Solution...
Connect Conference 2022: Passive House -  Economic and Environmental Solution...Connect Conference 2022: Passive House -  Economic and Environmental Solution...
Connect Conference 2022: Passive House - Economic and Environmental Solution...
TE Studio
 
Practical eLearning Makeovers for Everyone
Practical eLearning Makeovers for EveryonePractical eLearning Makeovers for Everyone
Practical eLearning Makeovers for Everyone
Bianca Woods
 
Timeless Principles of Good Design
Timeless Principles of Good DesignTimeless Principles of Good Design
Timeless Principles of Good Design
Carolina de Bartolo
 

Recently uploaded (20)

哪里办理美国中央华盛顿大学毕业证双学位证书原版一模一样
哪里办理美国中央华盛顿大学毕业证双学位证书原版一模一样哪里办理美国中央华盛顿大学毕业证双学位证书原版一模一样
哪里办理美国中央华盛顿大学毕业证双学位证书原版一模一样
 
UNIT V ACTIONS AND COMMANDS, FORMS AND CONTROLS.pptx
UNIT V ACTIONS AND COMMANDS, FORMS AND CONTROLS.pptxUNIT V ACTIONS AND COMMANDS, FORMS AND CONTROLS.pptx
UNIT V ACTIONS AND COMMANDS, FORMS AND CONTROLS.pptx
 
Maximize Your Content with Beautiful Assets : Content & Asset for Landing Page
Maximize Your Content with Beautiful Assets : Content & Asset for Landing Page Maximize Your Content with Beautiful Assets : Content & Asset for Landing Page
Maximize Your Content with Beautiful Assets : Content & Asset for Landing Page
 
UNIT IV-VISUAL STYLE AND MOBILE INTERFACES.pptx
UNIT IV-VISUAL STYLE AND MOBILE INTERFACES.pptxUNIT IV-VISUAL STYLE AND MOBILE INTERFACES.pptx
UNIT IV-VISUAL STYLE AND MOBILE INTERFACES.pptx
 
一比一原版(BU毕业证)波士顿大学毕业证如何办理
一比一原版(BU毕业证)波士顿大学毕业证如何办理一比一原版(BU毕业证)波士顿大学毕业证如何办理
一比一原版(BU毕业证)波士顿大学毕业证如何办理
 
Impact of Fonts: in Web and Apps Design
Impact of Fonts:  in Web and Apps DesignImpact of Fonts:  in Web and Apps Design
Impact of Fonts: in Web and Apps Design
 
Revolutionizing the Digital Landscape: Web Development Companies in India
Revolutionizing the Digital Landscape: Web Development Companies in IndiaRevolutionizing the Digital Landscape: Web Development Companies in India
Revolutionizing the Digital Landscape: Web Development Companies in India
 
EASY TUTORIAL OF HOW TO USE CAPCUT BY: FEBLESS HERNANE
EASY TUTORIAL OF HOW TO USE CAPCUT BY: FEBLESS HERNANEEASY TUTORIAL OF HOW TO USE CAPCUT BY: FEBLESS HERNANE
EASY TUTORIAL OF HOW TO USE CAPCUT BY: FEBLESS HERNANE
 
一比一原版(LSBU毕业证书)伦敦南岸大学毕业证如何办理
一比一原版(LSBU毕业证书)伦敦南岸大学毕业证如何办理一比一原版(LSBU毕业证书)伦敦南岸大学毕业证如何办理
一比一原版(LSBU毕业证书)伦敦南岸大学毕业证如何办理
 
SECURING BUILDING PERMIT CITY OF CALOOCAN.pdf
SECURING BUILDING PERMIT CITY OF CALOOCAN.pdfSECURING BUILDING PERMIT CITY OF CALOOCAN.pdf
SECURING BUILDING PERMIT CITY OF CALOOCAN.pdf
 
International Upcycling Research Network advisory board meeting 4
International Upcycling Research Network advisory board meeting 4International Upcycling Research Network advisory board meeting 4
International Upcycling Research Network advisory board meeting 4
 
Top Interior Designers in Bangalore.pdf1
Top Interior Designers in Bangalore.pdf1Top Interior Designers in Bangalore.pdf1
Top Interior Designers in Bangalore.pdf1
 
Virtual Tour Application Powerpoint for museum of edinburgh
Virtual Tour Application Powerpoint for museum of edinburghVirtual Tour Application Powerpoint for museum of edinburgh
Virtual Tour Application Powerpoint for museum of edinburgh
 
Technoblade The Legacy of a Minecraft Legend.
Technoblade The Legacy of a Minecraft Legend.Technoblade The Legacy of a Minecraft Legend.
Technoblade The Legacy of a Minecraft Legend.
 
ZAPATILLAS 2 X 110 ABRIL.pdf compra economico
ZAPATILLAS 2 X 110 ABRIL.pdf compra economicoZAPATILLAS 2 X 110 ABRIL.pdf compra economico
ZAPATILLAS 2 X 110 ABRIL.pdf compra economico
 
一比一原版(UW毕业证)西雅图华盛顿大学毕业证如何办理
一比一原版(UW毕业证)西雅图华盛顿大学毕业证如何办理一比一原版(UW毕业证)西雅图华盛顿大学毕业证如何办理
一比一原版(UW毕业证)西雅图华盛顿大学毕业证如何办理
 
Heuristics Evaluation - How to Guide.pdf
Heuristics Evaluation - How to Guide.pdfHeuristics Evaluation - How to Guide.pdf
Heuristics Evaluation - How to Guide.pdf
 
Connect Conference 2022: Passive House - Economic and Environmental Solution...
Connect Conference 2022: Passive House -  Economic and Environmental Solution...Connect Conference 2022: Passive House -  Economic and Environmental Solution...
Connect Conference 2022: Passive House - Economic and Environmental Solution...
 
Practical eLearning Makeovers for Everyone
Practical eLearning Makeovers for EveryonePractical eLearning Makeovers for Everyone
Practical eLearning Makeovers for Everyone
 
Timeless Principles of Good Design
Timeless Principles of Good DesignTimeless Principles of Good Design
Timeless Principles of Good Design
 

CH 10 part 1 and 2PPT.pptx

  • 1. UNIT 4- PLANNING SKILLS OF MANGEMENT Ch. 10 “Planning & Strategic Management” 10.1 (Page1A/1B) SLIDES 1-6, 10.2 (Page 2) SLIDES 7-12 Planning & Strategic Management
  • 2. Formal Planning- Strategic studying of an issue and the preparation of a written document to deal with the problem. 3 RANGES • Short term- 1 year plan • Long-range- 3 to 5 years plus • Intermediate- 1-3 year (the gap between short term and long range plans)
  • 3. Strategy- an outline of basic management steps to achieve a goal • I. Grand or corporate strategies- Overall (Big Picture) direction for company. • A) Growth Strategies- steps to increase sales or products – Concentration- extend the sale of current products – Vertical Integration- extend into new markets (locations) – Diversification- introduce new or better products
  • 4. Strategies (continued) • B) Stability Strategy- keeping the company operating on the same level- no new development. • C) Defensive Retrenchment Strategy- Developing a plan for a company that is losing sales or profit. – Turnaround- plan to regain success – Diverstiture- to sell a portion of the business (non-profit part of business) – Liquidation- entire company is sold or dissolved D) Combination Strategy- using several of these strategies at once to maximize profit.
  • 5. II. Business Strategy- Plans that only affect 1 or 2 departments of business • Overall cost leadership- plan to produce and deliver current product at a lower cost. • Differentiation- making product(s) more unique/different.
  • 6. III. Functions Strategies- Short range operation plan • 5 most common function plans • 1. Sales & Marketing- new products and selling techniques • 2. Production- making more products faster • 3. Finance- controlling expenses • 4. Research & Development- Making new or better products • 5. Personnel- Managing employees
  • 7. Section 10.2 • Strategic Management- Application of the basic planning process by management. • Strategic Management Approach (list and define 3 phrases) Formation- developing the plan Implementation- activating the plan Evaluation- analyzing/adjusting the plan Formulating Strategy- Total vision and business level strategy planning.
  • 8. Mission Statement • Mission Statement- a company’s written statement of purpose- the vision for the company *objectives of the MS – Common vision and purpose – Motivating resource – Standard of values – Business Culture of company
  • 9. • Goals- Companies direction, what do we want to accomplish • Policies- Rules of a company • Procedures- Detailed steps of operating within those rules. • Rules- limits and guidelines
  • 10. SWOT analysis- A tool to evaluate the health of a company
  • 11. • Implementing Strategy- How to activate plan • Evaluating Strategy- How to analyze and adjust the plan Managers should ask • Does the plan need revising • What are the possible problem areas List the 3 basic strategy evaluation activities • Review all factors (internal and external) • Measure performance (increase sales, decrease costs) • Taking corrective action
  • 12. ONLINE RESEARCH • APPLE Research: Mission statement, various products, SWOT analysis: Strengths Weaknesses Opportunities Threat