MGAD40H3 Final: Wk 11 Lec Note - Final Class
2 May 2011
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10-14: type out double sided crib sheet. Issue analysis: alternatives, recommendations: read exhibits, take 10-15 mins to read and analyze, use formulas, methodology. Abandon budget entirely, turn into rollover budgeting forecast. Integration into variant of first set of 6 quarters, add quarter on at the end. Continually upgrade process for expectations in the market. Connection b/w high level process (big r&d component, lt dev cycle), look at one year period doesn"t mean a lot. Part of regular diagnostic control systems are variances on quarterly basis. Lean and mean, responsible for strategy and assets. Understand what can be done with limited targets. How else can do with cash and assets. Segregate info from lower level, include them in strategic planning process and in final result. Transnational solution, company used to taking american solution and throwing out into markets. Planning process does not happen overnight (4-6 month fine)
