GMS 200 Lecture Notes - Swot Analysis, Pareto Principle
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GMS 200 Full Course Notes
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Leads to an increased match between the internal organizational conditions of the firm and its external environment. Creates awareness of problems, strengths and weaknesses. Poor reward structures: normally people that execute plans get awards. Opposition to time and expense of planning. Determine where you stand vis a vis objectives use various planning tools, swot. Short range and long range plans short range plans 1 lyr or less intermediate range plans 1-2 years long range plans 3+ People vary in their capability to deal effectively with different time horizons. Statement that distinguishes one"s business with others.