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Business

Ch8 Management

QuestionAnswer
What is planning? Setting specific goals and objectives that allow you to achieve these for the business
Name the 5 types of planning ~Mission Statement ~Strategic Plan ~Tactical Plan ~Operational Plan ~Contingency Plan
What is a mission statement? (give an example) Brief Statement that helps each member or staff stay focused on main aims e.g. Mercy College Mission Statement
What is a Strategic plan?
What is a Tactical plan?
What is a Operational plan?
What is a Contingency plan?
Main stages involved in planning are?
What does SWOT stand for? (give an example of each)
What is SMART?
Name 3 benefits of planning?
Name the 4 types of organisational structures?
What is a Function structure? (give 2 benefits and 2 drawbacks?)
What is a Product structure? (give 2 benefits and 2 drawbacks)
What is a Geographic structure? (give 2 benefits and 2 drawbacks)
What is a Matrix structure? (give 2 benefits and 2 drawbacks?)
Created by: antoniaaherne
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