Managers Hot Seat: Planning

This activity is important because, as a manager, you must be able to use the skills of planning, especially goal setting and strategic management.

Planning is one of the major functions of management and includes both setting goals and deciding how to achieve them. An organization should adopt planning and strategic management for three reasons: They can (1) provide direction and momentum, (2) encourage new ideas, and, above all (3) develop a sustainable competitive advantage.

Logan, the founder of an electric car company (Dunamis Motors) is a very ambitious, energetic person who is passionate about his ideas. He has competitors in the automobile business who are expanding to motorcycles and self-driving car technology. Yet, Logan wants to gain a competitive edge by manufacturing electric yachts. He is meeting with his strategic analyst and creative director to pitch this idea, and things are not going well. How is he handling the situation and what should they be doing? What would you do?

The goal of this exercise is to demonstrate your understanding of planning.

1-Based on what youve learned about establishing major goals, which of the following would be an example of the most complete goal for the electric yachts?

Multiple Choice

a- Dunamis Motors will sell five-thousand electric yachts by the end of this week.

b -Dunamis Motors will sell five electric yachts by the end of this calendar year.

c- Dunamis Motors will sell as many electric yachts as possible by the end of this calendar year.

d- Dunamis Motors will sell five electric yachts.

e- Dunamis Motors will implement a plan to sell five electric yachts by the end of this calendar year.

2- Nela attempts to walk Logan through the development, manufacturing, and sales goals and processes for the potential new electric yachts. What type of planning is she trying to do?

Multiple Choice

a- functional-level plan

b- corporate-level plan

c- business-level plan

d- corporate-level strategy

e- business-level strategy