Business Frameworks and Management Concepts

Balance Scorecard Methodology

• It is the only one since the 1960s F
• Many standard management tools F
• Balance Scorecards are "strategic" T

Benefits of Using the BSC Methodology

• For performance monitoring and evaluation Public Sector
• To include non-financial measures Private Sector
• This should be developed first, then with a conscious understanding of what needs to be achieved Strategic linkage mode
• In the 1980s, organizations F
• A sustainable solution to the difficult task F
• These are linked together in the two perspectives Activities and outcomes
• This facilitates the articulation and development A workshop approach
• A 2005 survey of companies that use tools T
• The social perspective is one F

Steps in Using the BSC

• Select the strategic objectives 2
• Select financial and non-financial measures 3
• From the mission and vision statement 1

What is Emergence? What is Self-Organization?

• Which will come after the other Emergence

Tools and Methods: PESTLE, SWOT, De Bono's Six Hats, Porter's Five Forces

• Strong suppliers Porter's 5 Forces
• Weaknesses SWOT
• Bargaining by buyers Porter's 5 Forces
• Strengths SWOT
• Bargaining by suppliers Porter's 5 Forces
• Economic PESTLE
• Threats SWOT
• Social PESTLE
• Technological PESTLE
• Competition Porter's 5 Forces
• Substitute products Porter's 5 Forces
• Opportunities SWOT
• Political PESTLE
• Environmental PESTLE
• Legal PESTLE
• Strong suppliers Low Power
• Few competitors High Power
• Cafes Low Power
• Weak customers High Power
• Many opportunities for substitutes Low Power
• High entry barriers High Power
• Many competitors Low Power
• Low entry barriers Low Power
• Few opportunities for substitutes High Power
• Pharmaceuticals High Power
• Strong customers Low Power
• Weak suppliers High Power
• Airlines Low Power
• Soft drinks High Power
• Which one of these is NOT one of De Bono's Six Hats Commitment
• The purpose of De Bono's methodology F
• De Bono's methodology helps you get T
• De Bono's methodology can be used by a group T
• De Bono's methodology is appropriate for personal use T
• In De Bono's methodology "feelings" have to be F

Introduction to Project Management

• The most common reason for project failure is Poor planning
• The function of cost may have 3
• A project usually does not conform T
• A project is a problem scheduled Solution
• Project management applies to one-person projects F
• A project is only done one time T
• A project's cost is a function of performance SCOPE

The Role of the Project Manager

Proper Sequence for the Five Process Groups

• Closing 5
• Planning 2
• Monitoring and Controlling 4
• Initiating 1
• Executing 3
• A manager looks around to see what needs to be done F
• Most importantly, a project manager F
• A project manager must first see F

Introduction to Microsoft Project Demo

• Manually scheduled tasks can have T
• Which of the following duration values are allowed Four days

Inside the US Federal Reserve

• The US Federal Reserve uses T
• Congress later passed the $431 billion T
• The root causes of the US F
• Prevent housing bubble F
• Prevent predatory lending scandal F
• Prevent financial crisis 2007-2008 F