Lesson 4.1:Strategy
Learning Goals: By the end of this lesson you will be able to
1. Analyze the importance of planning to the success of an organization.
2. Explain common planning tools such as benchmarking and scenario analysis
3. Use common strategic analysis models such as SWOT, PEST, Customer-Product Fit, and Porter’s Generic Strategies
Read the lesson note and answer the questions at the end. Post your notes in the homework forum.
Do this quiz to check you know the vocabulary for this lesson.
Lesson 4.1 -Part 2
With your Assignment 4 team, answer these questions:
- What company will you choose?
- Which Porter's Strategy do they use?
- Do a PEST Analysis as a team. What are some Political, Economic, Social, and Technological factors affecting that company right now?
Time Limit: 45 minutes
Time management skills
Do say “No” to requests that divert you from what you really should be doing.
Don't get bogged down in details that you can address later or leave for others.
Do have a system for screening telephone calls, emails, and requests for meetings.
Don't let drop-in visitors or instant messages use too much of your time.
Do prioritize what you will work on in terms of importance and urgency.
Don't become calendar-bound by letting others control your schedule.
Do follow priorities; work on the most important and urgent tasks first
Complete your assessment for time management
Page 131- self Assessment of Time Management
Do this short survey to reflect on how the lesson went and ask a question.