week 4 Flashcards
Management as a division of four areas of functional responsibility:
finance, marketing, operations, human ressources
Management as the coordination of -resources-:
money, markets, materials, machinery, methods, manpower (labour).
Management as a series (or a process) of four tasks:
(1) planning, (2) organizing, (3) directing, (4) controlling.
Develop a strategic objective for a food business, and a tactic objective.
exemple:
Our goal is to increase market share by 20% in three years by expanding in foreign markets (strategic), we aim to increase sales in the next quarter in neighbouring countries (tactic)”.
what are the three types or levels of planning?
tactical, strategic, contingency
what is the difference between tactical, contingency and strategic planning?
Strategic planning is focused on developing courses of action for the longer term. It tackles broadest elements of the farm’s strategy.
Tactical planning involves short term plans consistent with the strategic plan.
Contingency planning is the development of alternative plans for various possible conditions (favourable or unfavourable).
pourquoi certaines personnes ne veulent pas prendre les decisions?
car il ne veulent pas assumer cette responsabilité
Discuss enhancement (reduction) of components of the business plan in accordance to aims of the entrepreneur and the business life-cycle.
why are values important in farming
Values are the standards, beliefs or qualities that you consider worth upholding or pursuing.
Values are not goals, they are something that reflect our view of life, they are judgments on what we find important.
—Values commonly shape business strategy and farm choices (ex.: the type of production system – mechanization vs. labour intensive).
sur quoi on se base pour classer les valeurs? (4)
Personal values; Economic values; Environmental values; Community
what are the caracteristics of value centered entrepreneurs?
-They think they can make money and improve society at the same time.
-They believe that the two goals will feed off each other.
-Entrepreneurs whose motives and business philosophy are often called “social, socially-responsible, ethical, sustainable, or values-centered” entrepreneurs.
name some (at least 2) principles or guidelines by the value centered entrepreuneurs (liste de 10 choi..)
… consultez la liste
