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Planning function for competitve advantage

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The managerial function of planning helps an organization's competitive advantage by (1) identifying opportunities, (2) anticipating problems and (3) developing strategies to take advantage of the opportunities and challenges it encounters.

Identify an organization and provide an example of strategic planning and one example of functional-level planning. What are the differences in decision-makers, risk, cost, timeframe, and profit potential of decisions being made at various levels in the organization (e.g., corporate, business, or functional

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Planning

The managerial function of planning helps an organization's competitive advantage by (1) identifying opportunities, (2) anticipating problems and (3) developing strategies to take advantage of the o ...there is moreshow problem
The managerial function of planning helps an organization's competitive advantage by (1) identifying opportunities, (2) anticipating problems and (3) developing strategies to take advantage of the opportunities and challenges it encounters.

Identify an organization and provide an example of strategic planning and one example of functional-level planning. What are the differences in decision-makers, risk, cost, timeframe, and profit potential of decisions being made at various levels in the organization (e.g., corporate, business, or functional)

Brief on Planning

As per tutor2u.net, Planning is the process of"
* Setting objectives
* Determining what should be done to accomplish them
* Implementing the plan
* Evaluating

A plan is a statement of intended means to accomplish a goal. "Hence planning provides a blueprint to the organization telling about the actions to be taken in future. Plans will be successful only if it clearly defines the market of the business idea. For example Passenger Vehicle Market is broad and vague. It has to be defined specifically in terms of target segment. For example Premium Passenger vehicles or Hybrid vehicles.

Hence Planning is important to managers within an organization due to following reasons:

a) It aids in guidance to the management about the future course
b) It will help in optimal utilization of the resources by controlling the action and thereby helps to take the corrective action.
c) It helps in coordination between different departments
d) It ...

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Planning function for competitve advantage

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SWOTT Analysis

Conduct an internal and external environmental analysis for your proposed business. Using the information obtained from your internal and external analysis. List assignment, create a SWOTT table summarizing your findings. Your environmental analysis should take into account, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table.

a. External forces and trends considerations:
1) Legal and regulatory
2) Global
3) Economic
4) Technological
5) Innovation
6) Social
7) Environmental
8) Competitive analysis

b. Internal forces and trends considerations:
1) Strategy
2) Structures
3) Processes and systems
4) Resources
5) Goals
6) Strategic capabilities
7) Culture

Prepare a synopsis in which you analyze at least seven of the forces and trends from the list above. Your analysis must include economic as well as legal and regulatory forces and trends. Your synopsis should identify the major decisions and recommendations for your selected forces and trend,critique how well the organization adapts to change. Identity issue and/ or opportunities that the company faces based on your analysis above. Generate a hypothesis surrounding each issue, classify the circumstances, attribute the importance for each classification.

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