Presentation Midterm Cont. MGT Revised.pptx

Contemporary Mangement

1. Contemporary Management Mid-Term Examination The Role of Planning and Forecasting in Business Organization. Group Members: 1. Ghaydaa Elzahed . 2 . Zeinab Saqr . 3. Mohamed Abd El- Mottaleb 4 . Bassem Hanie . Class : 1MR Group No.: 3 Date: 12-12-2022 Presented to: Dr. Samuel Essam

2. Executive summary Definition of planning and forecasting Stages of planning process Defining the organization’s mission Strategy formulation Strategy implementation Planning levels

3. The role of planning and Forecasting in business organization Planning and forecasting is the art of identifying short and long term goals for the organization by preparing and tailoring a suitable strategic plan considering the entity vision and mission. B y predicting the end results through knowing where we are now and where we will be in the future

4. Stages of Planning Process 1. Defining the organization’s mission

5. Stages of planning process (Cont.) 2. Strategy formulation: Through analyzing the status quo by using SWOT analysis and developing new strategies to achieve the organization’s mission. 3.Strategy implementation: by having responsibility and accountability to reallocate and utilize our resources through using MBO.

6. Planning levels and period interval Long term plans more than 5 years through corporate business levels (ex. Full digitization) Intermediate term plan 1 to 5 years through corporate and business level (ex. Mobile application) Short term plan less than 1 years through functional level (ex. E card, reimbursement, preauthorization project )