Strategic Management: The Tools to Compete in the Era of Rapid Change, Part 1
In this first of Becker's two-part series on Strategic Management you will examine corporate planning, budgeting and forecasting processes. Gain a valuable introduction to budgeting concepts and the critical role that planning plays in the budgeting process as you prepare yourself for real-world applications. After completing this session you will be able to:
- Planning:
- Identify the distinct activities in the strategic planning process
- Define and recognize the characteristics of the four components of strategic positioning
- Understand the influence of operating environment on operational and tactical planning
- Define capacity planning and structural/executional cost drivers
- Identify the steps followed in Value Chain Analysis
- Define and recognize the process of contingency planning
- Budgeting:
- Recognize the components of a master budget and the characteristics of successful budgeting
- Define and recognize the types of operational performance measures
- Define the term strategic business unit and recognize the characteristics of the four types of SBUs
- Define ideal, currently attainable, authoritative and participative standards and recognize examples of standards development
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Becker Professional Education Sponsor I.D. Numbers NASBA: 107294, New York: 002087, New Jersey: 20CE00226700, Texas: 009580, Ohio: CPE.186, Illinois 158.002405, Pennsylvania: PX177823