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Lecture 7

lecture 7 - planning, business strategy.docx

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Department
Management
Course
MGM101H5
Professor
Dave Swanston
Semester
Fall

Description
Lecture: Planning, Business Strategy • Successful and clear strategies depend on simple plans • Strategic Model (these all have to be consistent/align with each other) o What do we need to do?  Where should we be? o What can we do?  What are able to do o What do we want to do?  Strategies / plan If these 3 questions not aligned creates strategic tensions. Strategic planning reduces tension  between these 3 questions. If not capable, and leadership strategies don’t want to do that  ▯ therefore should not make the   decision as 3 goals do not align
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