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Don't just learn it, experience it! DP Business Management
  • Home
  • Course Guide
    • Aims & Objectives
    • Command Terms
    • Concepts, Contexts & Content
    • Curriculum Overview
    • Assessment
      • Paper 1
      • Paper 2
    • Case Studies
    • Links to TOK
    • Symposium Series
    • Book Reviews
  • Course Units
    • Unit 1 Organisation
      • U1.1 Intro to business management
        • U1.1.1 The role of business
        • U1.1.2 Business functions
        • U1.1.3 Sectors of business activity
        • U1.1.4 Entrepreneurship and Intrapreneurship
        • U1.1.5 Reasons for starting a business
      • U1.2 Types of organisations
        • U1.2.1 For-profit organisations
        • U1.2.2 Non-profit organisations
        • U1.2.3 Other types of organisations
      • U1.3 Organisational objectives
        • U1.3.1 Vision and mission statements
        • U1.3.2 Aims, objectives, strategies and tactics
        • U1.3.3 Ethical objectives
        • U1.3.4 SWOT analysis
        • U1.3.5 Ansoff matrix
      • U1.4 Stakeholders
      • U1.5 External environment
      • U1.6 Growth and evolution
        • U1.6.1 Economies and diseconomies of scale
        • U1.6.2 Merits of small vs large organisations
        • U1.6.3 Internal vs external growth
        • U1.6.4 Impact of globalisation
        • U1.6.5 Multinational companies
      • U1.7 Organisational planning tools (HL)
    • Unit 2 HR
      • U2.1 Functions and evolution of HR management
      • U2.2 Organisational structure
      • U2.3 Leadership and management
      • U2.4 Motivation
      • U2.5 Organisational culture (HL)
      • U2.6 Industrial/employee relations (HL)
    • Unit 3 Finance & Accounts
      • U3.1 Sources of finance
      • U3.2 Costs and revenues
      • U3.3 Break-even analysis
      • U3.4 Final accounts
      • U3.5 Profitability and liquidity ratio analysis
      • U3.6 Efficiency ratio analysis (HL)
      • U3.7 Cash flow
      • U3.8 Investment appraisal (HL)
      • U3.9 Budgets (HL)
    • Unit 4 Marketing
      • U4.1 The role of marketing
      • U4.2 Marketing planning
      • U4.3 Sales forecasting (HL)
      • U4.4 Market research
      • U4.5 The 4 Ps (product, price, promotion, place)
        • U4.5.1 Product
        • U4.5.2 Price
        • U4.5.3 Promotion
        • U4.5.4 Place
      • U4.6 The extended marketing mix of seven P's (HL)
      • U4.7 International marketing (HL)
      • U4.8 E-commerce
    • Unit 5 Operations
      • U5.1 The role of operations management
      • U5.2 Production methods
        • U5.2.1 Job production
        • U5.2.2 Batch production
        • U5.2.3 Mass production
        • U5.2.4 Cellular manufacturing
        • U5.2.5 Changing production method
        • U5.2.6 Choosing production method
      • U5.3 Lean production and quality management (HL)
        • U5.3.1 Methods of lean production
        • U5.3.2 Cradle-to-cradle design and manufacturing
        • U5.3.3 Quality control and quality assurance
      • U5.4 Location
        • U5.4.1 Factors in locating a business
        • U5.4.2 Impact of globalisation on location
        • U5.4.3 Outsourcing and offshoring
      • U5.5 Production planning (HL)
      • U5.6 Research and development (HL)
      • U5.7 Crisis management and contingency planning (HL)
  • IA
    • IA1 Overview
    • IA2 SL Written Commentary
      • IA2.1 IA criteria - SL
      • IA2.2 Sample IAs
    • IA3 HL Research Project
      • IA3.1 IA criteria - HL
      • IA3.2 Sample IAs
    • IA4 Tips and checks
  • EE
    • EE1 Overview
    • EE2 Choice and treatment of topic
    • EE3 Assessment Criteria
    • EE4 Examples
  • Skills
    • S1 Research
    • S2 Business tools
Don't just learn it, experience it! DP Business Management
  • Home
  • Course Guide
    • Aims & Objectives
    • Command Terms
    • Concepts, Contexts & Content
    • Curriculum Overview
    • Assessment
      • Paper 1
      • Paper 2
    • Case Studies
    • Links to TOK
    • Symposium Series
    • Book Reviews
  • Course Units
    • Unit 1 Organisation
      • U1.1 Intro to business management
        • U1.1.1 The role of business
        • U1.1.2 Business functions
        • U1.1.3 Sectors of business activity
        • U1.1.4 Entrepreneurship and Intrapreneurship
        • U1.1.5 Reasons for starting a business
      • U1.2 Types of organisations
        • U1.2.1 For-profit organisations
        • U1.2.2 Non-profit organisations
        • U1.2.3 Other types of organisations
      • U1.3 Organisational objectives
        • U1.3.1 Vision and mission statements
        • U1.3.2 Aims, objectives, strategies and tactics
        • U1.3.3 Ethical objectives
        • U1.3.4 SWOT analysis
        • U1.3.5 Ansoff matrix
      • U1.4 Stakeholders
      • U1.5 External environment
      • U1.6 Growth and evolution
        • U1.6.1 Economies and diseconomies of scale
        • U1.6.2 Merits of small vs large organisations
        • U1.6.3 Internal vs external growth
        • U1.6.4 Impact of globalisation
        • U1.6.5 Multinational companies
      • U1.7 Organisational planning tools (HL)
    • Unit 2 HR
      • U2.1 Functions and evolution of HR management
      • U2.2 Organisational structure
      • U2.3 Leadership and management
      • U2.4 Motivation
      • U2.5 Organisational culture (HL)
      • U2.6 Industrial/employee relations (HL)
    • Unit 3 Finance & Accounts
      • U3.1 Sources of finance
      • U3.2 Costs and revenues
      • U3.3 Break-even analysis
      • U3.4 Final accounts
      • U3.5 Profitability and liquidity ratio analysis
      • U3.6 Efficiency ratio analysis (HL)
      • U3.7 Cash flow
      • U3.8 Investment appraisal (HL)
      • U3.9 Budgets (HL)
    • Unit 4 Marketing
      • U4.1 The role of marketing
      • U4.2 Marketing planning
      • U4.3 Sales forecasting (HL)
      • U4.4 Market research
      • U4.5 The 4 Ps (product, price, promotion, place)
        • U4.5.1 Product
        • U4.5.2 Price
        • U4.5.3 Promotion
        • U4.5.4 Place
      • U4.6 The extended marketing mix of seven P's (HL)
      • U4.7 International marketing (HL)
      • U4.8 E-commerce
    • Unit 5 Operations
      • U5.1 The role of operations management
      • U5.2 Production methods
        • U5.2.1 Job production
        • U5.2.2 Batch production
        • U5.2.3 Mass production
        • U5.2.4 Cellular manufacturing
        • U5.2.5 Changing production method
        • U5.2.6 Choosing production method
      • U5.3 Lean production and quality management (HL)
        • U5.3.1 Methods of lean production
        • U5.3.2 Cradle-to-cradle design and manufacturing
        • U5.3.3 Quality control and quality assurance
      • U5.4 Location
        • U5.4.1 Factors in locating a business
        • U5.4.2 Impact of globalisation on location
        • U5.4.3 Outsourcing and offshoring
      • U5.5 Production planning (HL)
      • U5.6 Research and development (HL)
      • U5.7 Crisis management and contingency planning (HL)
  • IA
    • IA1 Overview
    • IA2 SL Written Commentary
      • IA2.1 IA criteria - SL
      • IA2.2 Sample IAs
    • IA3 HL Research Project
      • IA3.1 IA criteria - HL
      • IA3.2 Sample IAs
    • IA4 Tips and checks
  • EE
    • EE1 Overview
    • EE2 Choice and treatment of topic
    • EE3 Assessment Criteria
    • EE4 Examples
  • Skills
    • S1 Research
    • S2 Business tools
  • More
    • Home
    • Course Guide
      • Aims & Objectives
      • Command Terms
      • Concepts, Contexts & Content
      • Curriculum Overview
      • Assessment
        • Paper 1
        • Paper 2
      • Case Studies
      • Links to TOK
      • Symposium Series
      • Book Reviews
    • Course Units
      • Unit 1 Organisation
        • U1.1 Intro to business management
          • U1.1.1 The role of business
          • U1.1.2 Business functions
          • U1.1.3 Sectors of business activity
          • U1.1.4 Entrepreneurship and Intrapreneurship
          • U1.1.5 Reasons for starting a business
        • U1.2 Types of organisations
          • U1.2.1 For-profit organisations
          • U1.2.2 Non-profit organisations
          • U1.2.3 Other types of organisations
        • U1.3 Organisational objectives
          • U1.3.1 Vision and mission statements
          • U1.3.2 Aims, objectives, strategies and tactics
          • U1.3.3 Ethical objectives
          • U1.3.4 SWOT analysis
          • U1.3.5 Ansoff matrix
        • U1.4 Stakeholders
        • U1.5 External environment
        • U1.6 Growth and evolution
          • U1.6.1 Economies and diseconomies of scale
          • U1.6.2 Merits of small vs large organisations
          • U1.6.3 Internal vs external growth
          • U1.6.4 Impact of globalisation
          • U1.6.5 Multinational companies
        • U1.7 Organisational planning tools (HL)
      • Unit 2 HR
        • U2.1 Functions and evolution of HR management
        • U2.2 Organisational structure
        • U2.3 Leadership and management
        • U2.4 Motivation
        • U2.5 Organisational culture (HL)
        • U2.6 Industrial/employee relations (HL)
      • Unit 3 Finance & Accounts
        • U3.1 Sources of finance
        • U3.2 Costs and revenues
        • U3.3 Break-even analysis
        • U3.4 Final accounts
        • U3.5 Profitability and liquidity ratio analysis
        • U3.6 Efficiency ratio analysis (HL)
        • U3.7 Cash flow
        • U3.8 Investment appraisal (HL)
        • U3.9 Budgets (HL)
      • Unit 4 Marketing
        • U4.1 The role of marketing
        • U4.2 Marketing planning
        • U4.3 Sales forecasting (HL)
        • U4.4 Market research
        • U4.5 The 4 Ps (product, price, promotion, place)
          • U4.5.1 Product
          • U4.5.2 Price
          • U4.5.3 Promotion
          • U4.5.4 Place
        • U4.6 The extended marketing mix of seven P's (HL)
        • U4.7 International marketing (HL)
        • U4.8 E-commerce
      • Unit 5 Operations
        • U5.1 The role of operations management
        • U5.2 Production methods
          • U5.2.1 Job production
          • U5.2.2 Batch production
          • U5.2.3 Mass production
          • U5.2.4 Cellular manufacturing
          • U5.2.5 Changing production method
          • U5.2.6 Choosing production method
        • U5.3 Lean production and quality management (HL)
          • U5.3.1 Methods of lean production
          • U5.3.2 Cradle-to-cradle design and manufacturing
          • U5.3.3 Quality control and quality assurance
        • U5.4 Location
          • U5.4.1 Factors in locating a business
          • U5.4.2 Impact of globalisation on location
          • U5.4.3 Outsourcing and offshoring
        • U5.5 Production planning (HL)
        • U5.6 Research and development (HL)
        • U5.7 Crisis management and contingency planning (HL)
    • IA
      • IA1 Overview
      • IA2 SL Written Commentary
        • IA2.1 IA criteria - SL
        • IA2.2 Sample IAs
      • IA3 HL Research Project
        • IA3.1 IA criteria - HL
        • IA3.2 Sample IAs
      • IA4 Tips and checks
    • EE
      • EE1 Overview
      • EE2 Choice and treatment of topic
      • EE3 Assessment Criteria
      • EE4 Examples
    • Skills
      • S1 Research
      • S2 Business tools

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U1.7 Organisational planning tools (HL)

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Lesson aims

U1.7 Planning tools.pptx

Fishbone diagram

  • Used to determine origin of a problem or 'the causes of the causes' behind a problem.
  • Visual tool particularly useful in brainstorming in a group setting.
  • Can lead to further discussions and suggestions that can help to identify potential solutions.

Decision tree

  • Permit the visualisation of complex information.
  • Used to make decisions in face of uncertainty.
  • Assist a decision-maker in choosing the best alternative solution when one or more elements of the equation are unknown.
  • Improve decision-making by integrating probabilities and expected 'payoffs' into the analysis.
  • Quantitative forward-looking tool.

Decision tree key

Step 1 - Draw decision tree

  • Start on left with decision node then add decision options and associated costs
  • Add probability nodes and associated probabilities and associated monetary outcomes

Step 2 - Solve decision tree

  • Calculate expected value (EV) of profits from each possible outcome
  • Calculate total EV of each of possible outcomes for each option
  • Calculate net EV of each option by subtracting the initial costs

Force field analysis

  • Used to study the factors that are driving change and those that oppose it (restraining forces).
  • Each force is assigned a number meant to indicate whether it is relatively powerful (5) or weak (1).
  • Once drawing complete, it is possible to visualise which elements need to be modified or shifted in order to create change.
  • If driving forces can be reinforced, or restraining forces can be weakened, the desired change is more likely to occur.

Gantt chart

  • Visual tool used to plan complex projects and schedules, and can be used to facilitate project management.
  • Steps required to complete a project are shown, along with their timing and duration.
  • User required to think through which tasks must be completed before others begin, or which can be done simultaneously.
  • The chart may also indicate who is responsible for carrying of the various tasks.
  • Assign resources needed to complete the tasks, i.e. time to complete each step of the project; resources such as people, equipment and machines needed for each step; and lags that might occur.

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