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Summary IB Business Management 1.7 - Organisational Planning tools (HL)

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  • Course
  • IB Business Management (BM1.7)
  • Institution
  • High School
  • Book
  • Business Management for the IB Diploma Coursebook

IB Business Management summary of Unit 1.7 - Organisational Planning Tools (HL Topic) made from Cambridge Business Management for the IB Diploma (2nd Edition)

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  • No
  • Chapter 1.7
  • December 15, 2019
  • 4
  • 2019/2020
  • Summary

Subjects

  • business management
  • business and management
  • unit 1
  • higher level
  • ib
  • summary
  • bm
  • business management
  • 17
  • unit 17
  • hl

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  • IB Business Management (BM1.7)
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Business Management 1.7 – ORGANISATIONAL PLANNING TOOLS


Organisational planning: process of identifying an organisation´s immediate and long-term objectives,
and formulating and monitoring specific strategies to achieve them. Preparing for new projects and
managing them as effectively as possible

Project: specific and temporary tasks which result from the need for an organization to change. Is time-
specific, has clear goals, defined responsibilities and budget.
Items that have to be managed for projects
 Resources: people, equipment and materials
 Time
 Money: kept on the budget and estimate expected profit
 Scope: size and scale

Project management: using management techniques to plan, carry out and complete a project to
achieve targets of quality, time and cost

FISHBONE DIAGRAM / CAUSE AND EFFECT / ISHIKAWA– Visual identification of causes of a problem

6M´s

Methods Manpower Measurement

Machines Materials Mother Nature
(environment)




Reasons – Small Fish Bones




Category of the Causes – Main Bones

Simple and easy to understand (strength or weakness). Used effectively, can encourage employee
participation. Help to resolve actual or potential problems. Cannot be used to illustrate complex
problems (interrelated problems, not just one cause)



DECISION TREE – Diagram that set out options connected with a decision and outcomes that may
result. Value and chances to occur. Presents all the options, the outcomes from these options, the
chances and economic returns.



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