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Competitive Analysis
SWOT Analysis
Internal • Strengths • Weaknesses
External • Opportunities • Threats
Develop Action Plans
• Tactical Plans: Plans that define the actions and the resource allocation necessary to achieve tactical objectives and to support strategic plans.
• Operational Plans: Plans that lay out the actions and the resource allocation needed to achieve operational objectives and to support tactical plans.
Managing Change
Present Situation
Process of Change
New Situation
Identify What Needs to Change
Identify Forces For and Against
Change
Select the Best Approach
Reinforce and Monitor Behavior
Crisis Planning Co
ntin
genc
y Pl
ans Open
Comm
unication
Corporate Power Struggles
Environmental Accidents
Operational Breakdowns
Product Failures
1. What is management? Why is it so important? 2. What are the 4 major functions managers perform? Describe each function? 3. What is a SWOT analysis and why is important to a company’s long term goals? 4. What is forecasting, and how is it related to the planning function? 5. What is the goal of crisis management? 6. How does leadership differ from management? 7. Why are interpersonal skills important to managers at all levels? 8. How do the three levels of management differ? 9. How do autocratic, democratic, and laissez-faire leadership differ? 10. Why are coaching and mentoring effective leadership techniques? 11. When an organization learns about a threat that could place the safety of its
workers and its customers at risk, is management obligated to immediately inform these parties of the threat? Explain your answer.
Class Assignment