Ajay_Maheshwari_500_Module_3_Nov9

Ajay_Maheshwari_500_Module_3_Nov9 - Module 3 Module 3:...

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Module 3 1 Module 3: Planning and Decision Making MBA in Finance (2010)
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Module 3 2 Abstract Response to the first question evaluates and compares the effectiveness of an article on strategic planning “Strategic planning: Three tips for 2009”, published in McKinsey Quarterly with the material in the text. Response to the second question defines Management by Objective (MBO) its characteristics and instances when MBO might not be an appropriate management tool. Response to third question discusses the SWOT analysis in personal context that can help developing career in a way that takes best advantage of once talents, abilities and opportunities. Response to the fourth question evaluates Asian paints Ltd. using Porter model. Response to fifth question is a case study of Apple’s ipod, introduction stage, growth stage, maturity stage and future. .
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Module 3 3 Module 3 Deliverables Assignments: Essay Questions Essay Question 1 Review a current article on strategic planning from a business journal. The article should have been published within the last 3 years. The review is to include full bibliographical information for the article being reviewed and any other referenced material; discuss in scholarly detail a summary of the article's content; an evaluation of the article's effectiveness; a comparison of the article's approach to the way the material is discussed in the text. Response: Article under Review: Strategic planning: Three tips for 2009, published in the April 2009 McKinsey Quarterly Bibliographical Information Renée Dye, Olivier Sibony, and S. Patrick Viguerie (APRIL 2009). Strategic planning: Three tips for 2009 Mckinsey Quarterly https://www.mckinseyquarterly.com/Strategic_planning_Three_tips_for_2009_2340 Summary of the article : Strategic Planning has become an important aspect for many companies. Strategic planning process provides a framework to make decisions on how to allocate organizational resources, address challenges and take advantage of opportunities that arise along the way. Most strategists avoid the obvious mistakes, such as planning as usual or, conversely, eliminating essential strategy-development activities or even strategic planning itself. Nonetheless, strategists remain concerned that the priorities emerging from the annual planning rituals won't address the demands of today's tumultuous environment. Strategists will need to place a greater emphasis on measurement--the only way to recognize when changing conditions
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Module 3 4 merit quick strategic adjustments. The authors of the McKinsey article offer three sensible guidelines: (1) Be realistic about scenario planning; (2) Intensify monitoring; and (3) Look beyond the crisis. 1.
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This note was uploaded on 12/08/2011 for the course MBA 520,510,59 taught by Professor Kate during the Spring '11 term at Asian Institute of Management.

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Ajay_Maheshwari_500_Module_3_Nov9 - Module 3 Module 3:...

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