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You are the manager of a team of 10 toy designers. It is an exciting time since the company is planning to release its first new toy since the Covid-19 lockdown in March of 2020. The team needs to decide on one new toy to be released in July 2021. Each toy designer is pushing for their toy to be chosen since the toy will also be named after them.
You suggest the team to try using the "dot planning" method to help you make a decision. Use the facts from this scenario to answer these questions:
-Define "dot planning"
-Explain why "dot planning" is used in a team setting.
-Explain how "dot planning" can be successful in narrowing many options down to just one choice.
-Using the facts from this scenario, write step-by-step instructions (1,2,3,4) on how your team would use the "dot planning" method to decide on just one new toy to release in July.
Why is it crucial for your success as a manager to be highly responsive to these factors?
What are the four types of strategy make up the strategy formulation process? Describe the role each plays in developing a strategic plan.
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