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7 Cards in this Set
- Front
- Back
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3 techniques to help managers assess the organizations environment
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Environmental scanning
Global scanning Forecasting |
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2 categories of forecasting techniques used in assessing organizations
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Quantitative forecasting
Qualitative forecasting |
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7 ways to improve the effectiveness of forecasting
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Quantitative techniques
- time series analysis - regression models - econometric models - economic indicators - substitution effect Qualitative techniques - jury of option - sales force composition - customer evaluation |
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4 steps used in performing benchmarking
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1. Form a benchmarking planning team
2. Gather internal and external data 3. Analyze data and identity performance gaps 4. Prepare and implement action plan |
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4 techniques used in allocating resources
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1. Budgeting
2. Scheduling 3. Breakeven analysis 4. Linear programming |
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4 types of budgets that Managers might use
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1. cash budget
2. expense budget 3. profit budget 4. cash budget |
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7 project planning process steps
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1. Define objective
2. Identify activities and resources 3. Establish sequences 4. Estimate time for activities 5. Determine project completion 6. Compare with objectives 7. Determine additional resource requirements |
