Difference between single-use and standing plans

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1. The major problem of planning is that it introduces rigidity in management. How can companies build more flexibility in their planning in today's turbulent environment? (Hint: the question is about flexibility in planning in particular, not in management in general).

2. Using criteria for effective goal-setting come up with a stretch goal for some aspect of your own life. How do you determine whether it makes sense to pursue a stretch goal?

3. Using Porter's model of generic strategies describe competitive strategy of your company. How does adoption of this strategy impact priorities of the company? How this strategy is translated into operational and tactical plans? (Hint: do not confuse the model of generic competitive strategies with FIVE competitive forces).

4. What is the difference between single-use and standing plans? Give examples of both categories

5. Give an example of a procedure that is used in your company. Is it efficient? Does it have drawbacks? How to overcome them?

Reference no: EM132296887

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