chapter 6 homework-mgmt - Alejandra Macias Topics for...

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Alejandra Macias Topics for discussion and action 1. Describe the three steps of planning. Explain how they are related. First step in planning involves determining the organization’s mission and goals. The second step is choosing or formulating a strategy, I which managers look at the organization’s current situation to realize the mission and goals. Last step would be selecting the most effective ways to implement and put these steps into action. The first step is responsible for the organization’s mission and goals, and the other two steps are related because they both are used to plan by pointing out which strategies are appropriate and which aren’t. 2. What is the relationship among corporate, business, and functional-level strategies, and how do they create value for an organization? A corporate-level strategy is a plan that indicates in which industries and national markets an organization intends to compete. It helps an organization by making it stand
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