PPT3.ACE232.09 - for someone else. 6. It is acceptable for...

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Steps in Stategic Management 1) Define the mission 2) Formulate Goals 3) Assess resources of the business 4) Survey the world surrounding the farm 5) Select a strategy 6) Implement the strategy
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Steps in Tactical Management 1) ID the problem 2) ID alternative solutions 3) Collect data and information 4) Analyze alternatives
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Tactical Management, contin… 5) Implement the decision 6) Monitor and evaluate the results Accept responsibility – that is very important 7) Accept responsibility
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Characteristics of Decisions 1) Importance 2) Frequency 3) Imminence 4) Revocability 5) Number of alternatives
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COMMON VALUES AMONG FARMERS AND RANCHERS Do you agree or disagree? 1. A farm or ranch is a good place to raise a family. 2. A farm or ranch should be run as a business. 3. It is acceptable for farmers to borrow money. 4. A farmer should have at least two weeks of vacation each year 5. It is better to be self-employed than to work
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Unformatted text preview: for someone else. 6. It is acceptable for a farmer to also work off the farm. 7. It is more enjoyable to work alone than with other people. 8. Farmers should strive to conserve soil and keep water and air resources clean. 9. A family farm should be passed on to the next generation. 10. All family members should be involved in the operation. Common Goals of Farmers and Ranchers Survive, stay in business, do not go broke, avoid foreclosure Maximize profits, get the best return on investment Maintain or increase standard of living, attain a desirable family income Increase equity, accumulate assets Reduce debt, become free of debt Avoid years of low profit, maintain a stable income Pass the entire farm on to the next generation Increase leisure, free time Increase farm size, expand, add acres Maintain or improve the quality of soil, water, and air resources....
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PPT3.ACE232.09 - for someone else. 6. It is acceptable for...

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