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Title: IB Business Management
Description: Summary notes for topic 1.7 organisational planning tools
Description: Summary notes for topic 1.7 organisational planning tools
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Organizational Planning Tools
The various methods that businesses use to aid their decision making
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Fishbone Diagram
A graphical representation of the most likely causes and effects of an important
decision
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4
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6
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Problem or issue must be clearly stated
Contributors must be concise and to the point
For each ‘bone’, brainstorm the possible causes and place in the node
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Strengths:
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Easy to use and understand
Allows decision making to be logical, systematic, and concise
Facilitates a visual diagnosis of the problem
Drawbacks:
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Simplistic for real-world problems
Has to be used along with other tools to be justifiable
Can’t quantify the problem
Decision Trees
A quantitative decision making tool and a diagrammatic representation of the
different options that are available to a business
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How to Make a Decision Tree
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Decision nodes are shown as squares and show the main decision that has to
be made
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The probabilities must add up
to 1
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Each unwanted branch of the decision tree is cut off/rejected, which is shown
by two consecutive parallel lines, leaving only the best option
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All potential options can be seen at the same time, thereby speeding up
decision-making
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They enable more scientific and objective decisions to be made as all likely
costs of the decisions are considered
...
They also
make use of quantitative analysis
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They are based on only quantitative data, thereby rendering qualitative issues
useless and ignored
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Delays in the planning process can void the data by the time a decision is
made
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Force Field Analysis
A simple tool that applies weight to forces that drive change and forces that restrain
it
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How to Make a Force Field Analysis
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List the driving forces for change and the restraining forces against it
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Total the scores for the driving and restraining forces, decision can be made
based on to which is higher
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Gantt Charts
A visual representation of all the tasks in a particular project plotted against time
scale
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How to Make A Gantt Chart
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Presented as a bar chart showing all scheduled tasks (vertical axis) over a given
time scale ( horizontal axis)
...
Each bar shows start and end date, as
well as the duration
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The main goal of a this chart is to minimise the amount of time it would take to
complete the projects, as well as set deadlines for the workers to abide by and give a
sense of direction
...
Title: IB Business Management
Description: Summary notes for topic 1.7 organisational planning tools
Description: Summary notes for topic 1.7 organisational planning tools