Class notes IB Business Management Business and Management for the IB Diploma, ISBN: 9780521147309
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Course
IB Business Management
Institution
6
Book
Business Management for the IB Diploma Coursebook
This is a summative page for the Organisational Planning Tools covered in the IB Business Management Ciriculum. It consists of the Fishbone Diagram, Force Field Analysis, Decision Tree, Gantt Chart, and an example with all calculations needed (and workings) for each Planning Tool.
Organisational
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1.Draw a key featuring decision and
probability nodes and rejected options.
2.Draw the decision tree.
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3.Calculate the expected value of each
option.
Planning tools
4.Calculate the net expected value of each
option.
5.Reject the options with the lowest net
Decision Tree expected value.
A decision tree helps a firm visually see options
available to them and the probability of success for
Fishbone Diagram each outcome
To diagnose the causes of a particular problem
Example Question:
MM is deciding whether to move is entire office to:
cause cause Option A: Bengaluru’s central business district OR Option B: Film City, a film studio site on the outskirts of Bengaluru.
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location cost
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Force Field Analysis Gantt Chart company Im 450000 to
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Helps identify, discuss, and document the factors that support Helps plan by seeing a visual representation If:O .
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or oppose a change initiative of the duration of a projection (project)
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