chapter 2 answers - 1. Describe the essential parts of...

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Unformatted text preview: 1. Describe the essential parts of planning. How does the existence of resource constraints affect the need for planning? Answer: Organizational planning, described below, and Contingency planning, which focuses on planning or unforeseen events. Organizations must be able to forecast their needs relative to available resources as best they can to insure best decision making. 2. What are the three common layers of planning? How do they differ? Answer: Strategic lays out long term goals, Tactical more short term focus, Operational daily and on-going operation goals 3. Who are the stakeholders? Why is it important to consider their views when planning? Answer: Stakeholders are individuals, groups of individuals, or organization that have a `stake' or are affected by organizational decisions. When planning, an organization must take into consideration all stakeholders in order to evaluate planning decisions properly and resourcefully. 4. What is a mission statement? Why is it important? What does it contain? Answer: Mission statement explicitly explains what the organizations business is and its intended areas of operations. 5. What is a vision statement? Why is it important? What does it contain? Answer: Vision statement expresses what the organization wants to be 6. What is a values statement? Why is it important? What does it contain? Answer: Values statement established formal set of organizational principles and qualities of then the organization. 7. What is strategy? Answer: The process of moving an organization towards its vision by accomplishing its mission....
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This note was uploaded on 08/18/2009 for the course IT management taught by Professor Micheale during the Spring '09 term at Academy of Art University.

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chapter 2 answers - 1. Describe the essential parts of...

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