Chapter 7 Lecture
FYI2- Quiz opens up at 2 and Sunday 2pm close 12q on 10mins - Based on Powerpoint
Strategy involves planning
Planning involves situational analysis
In situational analysis, a manager identifies planning assumptions, issues and problems
Step 1. Situational Analysis
Strategy, Manage, Plan, Think
Three levels of planning; Strategic (policy), tactical (procedure) and operation (execution)
Strategic planning is defined as the process of addressing the following questions:
Where are we?
What do we have to work with?
Where do we want to be?
How do we get there?
Tactical planning: identifying specific procedures and processes required at lower levels of organization
Typical tactics planning would involve: profit levels, share value, growth, return on investment, societal
- Specific goals
- Actions and time required to achieve goals
- Human resources required
- Physical resources required
- Budget required
Ex Grow Operation; OPP raid 42 houses in Ontario, arrested quite number of people.
Goal: Arrest 42 people
Action: Allocation of officers,
HR required: Police, Detectives, Ambulance, Fire Department, SWAT
Physical resources: hand cuffs, warrant, dogs, tasers, baton, vehicles, coffee
Budget: limited budget
Goals: The targets or ends the manager wants to reach are called goals
A backup plan, in case the original plan does not work out is called a Contingency Plan (ba