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1. Adapt to Uncertainty and Change 2. Focus Attention on Objectives 3. Increase Coordination 4. Facilitates Control

Functions of Planning. 1. Adapt to Uncertainty and Change 2. Focus Attention on Objectives 3. Increase Coordination 4. Facilitates Control. Who Implem. Time Types 3 Phases does it level span of plans .

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1. Adapt to Uncertainty and Change 2. Focus Attention on Objectives 3. Increase Coordination 4. Facilitates Control

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  1. Functions of Planning 1. Adapt to Uncertainty and Change 2. Focus Attention on Objectives 3. Increase Coordination 4. Facilitates Control

  2. Who Implem. Time Types 3 Phases does it level span of plans Strategic Top Total ~5 yrs. Mission Planning Org./ Corp. Obj. SBU Strategies -Grand -Global -Corporate Level -Business Level Intermediate Middle Functional 1-3/5yrs Functional Level Tactical Areas Strategies & Planning Objectives Policies/Programs Operational Lower Department <1yr. Dept. Objectives Planning Level Procedures, Rules, Budgets

  3. Types of Plans Strategies Tactics Policies Procedures Rules Budgets Programs

  4. The Strategic Planning Process 1. Evaluate Current Factors: -Mission -Objectives -Managerial Aspirations/Values Domain Defender Enthusiastic Prospector Anxious Analyzer Reluctant Reactor

  5. The Strategic Planning Process: continued 2. Conduct a SWOT Analysis: -Environmental Analysis -Internal Resource Analysis

  6. SWOT Analysis Numerous Opportunities II I Critical High Internal Internal Weaknesses Strengths III IV Major Environmental Threats

  7. 3. Develop Strategic Alternatives: Opportunities Threats Concentration Market Development Product Development Innovation Weaknesses Strengths

  8. Opportunities Threats Vertical Integration Conglomerate Diversification Weaknesses Strengths

  9. Opportunities Threats Weaknesses Strengths Retrenchment Divestiture Liquidation

  10. 3. Develop Strategic Alternatives: Opportunities Threats Vertical Integration Conglomerate Diversification Concentration Market Development Product Development Innovation Weaknesses Strengths Retrenchment Divestiture Liquidation Horizontal Integration Concentric Diversification Joint Venture

  11. The Strategic Planning Process:continued 4. Implementation 5. Evaluation and Control

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