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4113373
Unit 2 Review: 9-16
Descrição
Review on questions 9-16.
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business
test
review
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Unit 2 Review: 9-16
Zero Based Budget
method of budgeting
all expenses must be justified for each new period
Planning Tools/Techniques
Contingency Planning
identifies alternative courses of action for when things go wrong
ex. snow on mountain melted at Vancouver Olympics so used straw to make ski slopes
Scenario Planning
identifies alternative future scenarios and plans to deal with each one
ex. what will happen after the oil supply runs out?
Benchmarking
uses external/internal comparisons to plan for future improvements
external: other organizations' triumphs
ex. Zara: clothing items are scarce in numbers. Buy now because clothing will not be replaced/come back
Forecasting
process of predicting future events
qualitative
quantitative
Participatory Planning
includes people who will be affected by plan and those who implement them
motivate and benefits those involved in process
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