Reference no: EM133186979

Questions:

Part A)  Planning

1- Explain the objectives of planning and why they are necessary?

2- What are the various types of plans that are developed in companies.

3- Explain the following tools that can be used in the planning process:

a) the Gantt chart,

b) the CPM method or critical path

c) management by objectives (APO).

4- Describe the steps that make up the planning process.

Part B) Strategies

1- Contrast competitive advantage with competitive rivalry. How do you get a competitive advantage?

2- Explain and provide an example of each of the three major global strategies that are worked at the business level:

increase reduction (entrenchment) stability

3- Michael Porter establishes three positioning strategies (also known as generic) that companies can choose to compete at the level of the industry in which they operate: cost leadership, differentiation, and focus. Explains each of these and provides an example.

References:

• Williams, C. (2022). MGMT: Principles of management (12th ed.). Cengage Learning.
  • Chapter 5: Planning and Decision-Making
  • Chapter 6: Organizational Strategy