BOH4M Business Leadership Chapter 8 Planning

1. What are some goals that you would like to achieve this year? Set a plan to achieve those goals.

Now in your text book Rd pg 196 - 200 2. What is planning and why is it important?

3. Describe the steps in the planning process. a.

b.

c.

d.

e.

4. How did planning help Air Canada come out of bankruptcy in 2004?

5. List and describe the 5 benefits of planning. a.

b.

c.

d.

e.

In your text Rd pages 202 - 207 6. What is the difference between short-range & long-range plans? Be specific.

7. Types of Plans When & why would use each one. Provide an example for each.

Strategic Plan

Operational Plan

Policy

Budgets & Projects

8. Planning Tools & Techniques - Managers use information and tools to help them with the planning process. Describe the following tools and prove an example of each. How might this tool be helpful to a manager.

Forecasting

Scenario Planning

Benchmarking

Participatory Planning