RSM100Y1 Chapter Notes - Chapter 6: Cost Leadership, Vertical Integration, Swot Analysis
Document Summary
The winner is the one with the closest guess. Strategic plans: set up by top management; resource allocations, company priorities, and steps needed to meet strategic goals. Tactical plans: shorter-range concerned with specific aspects of company"s strategic plans. Middle managers: responsible for implementing the decisions made by top managers: plant manager, operations manager first-line managers: responsible for supervising the work of employees. Breakdown of skills in different levels of management human relations skills equally important in all three levels technical descending importance as ascending hierarchy conceptual ascending importance as ascending hierarchy. Kinds of goals purpose (reason for being) differentiates company goals. Mission statement: organization"s statement of how it will achieve its purpose in the environment in which it conducts its businesses: companies may have similar purposes, but different missions. Long-term goals: set for extended periods of time, around. Intermediate goals: set for a period of 1 - 5 years.
