Planning and managing organisations/PMAN103/Planning and strategy/E-activity-start

Challenge summary

Summary:	You are required to reflect on the importance of planning and strategy in management.
	1 - 2 hours

NOTE: This is the final course in the Principles of Management series and the expectation is that you are capable of deeper analysis and thought as this point. Because of this, you may choose to complete this learning challenge now or wait until later to complete it. All of the challenges in this course involves reading a case study and contain a series of inter-related tasks.

Start here

Stimulus resources

1. Lessons learned about using the PESTLE and S.W.O.T analysis.
2. Take home message from the video by Martin Reeves on the importance of strategy.
3. Knowledge acquired through your required readings.
4. The difference between planning and strategy, which was covered in the Further reading section.
5. The case study about WorldCom

Purpose

The purpose of this learning challenge is to:

• Recognize the differences between strategy and planning and how they apply to management.
• Apply what you have learned in this course to a real world example.
• Think about how using strategy and planning can help you be a better manager.