GMS 200 Lecture Notes - Swot Analysis, Pareto Principle

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Shavin Malhotra

Document Summary

Leads to an increased match between the internal organizational conditions of the firm and its external environment. Creates awareness of problems, strengths and weaknesses. Poor reward structures: normally people that execute plans get awards. Opposition to time and expense of planning. Determine where you stand vis a vis objectives use various planning tools, swot. Short range and long range plans short range plans 1 lyr or less intermediate range plans 1-2 years long range plans 3+ People vary in their capability to deal effectively with different time horizons. Statement that distinguishes one"s business with others.