Environment Assessment Techniques Flashcards
Planning tool business (pricing strategies)
Break-even Analysis
Developing assumptions (prediction of expected sales)
Forecasting Models
Determining optimal (quantitative) combination
Ex. Small business
Linear Programming
Computing (pagkukwenta???) IDK PUTANGINA/ (ibe-base)
Simulation Models
Computing (pagkukwenta???) IDK PUTANGINA/ (ibe-base)
Simulation Models
Management technique improving the company. (Popular in USA) 60’s AND 70’s
Management Objectives
Predictions (future) in positive way
Forecasting
Basta apat sa forecasting:
- Developing the Basis
- Estimation of Future Operations
- Regulations of Forecast
- Review of the Forecasting Process
Preparing for sakuna/weather (positive/negative na sakuna)
Contingency Planning
Specific scenario (reality preparing)
Specific Planning
Involves external comparison (comparing to others company)
Benchmarking
Higher level or superior performance
External
Encourage employees or sharing one another’s best
Internal
Three ways of benchmarking
- Process benchmarking
- Strategic
- Performance
Grow or thinking how to be effective
Process Benchmarking