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Ch 2: ORELA Business Education: Management Planning & Strategy

About This Chapter

Brush up on your knowledge of management planning and strategies as you prepare to take the ORELA Business Education assessment. You can review short video lessons in this chapter, then gauge your understanding with self-assessment quizzes.

ORELA Business Education: Management Planning & Strategy - Chapter Summary

This chapter provides a comprehensive overview of management planning and strategies to help you answer related questions on the ORELA Business Education assessment. After exploring the lessons, you may be able to:

  • Explain planning as a management function
  • Identify and describe types of planning
  • Define SWOT analysis
  • Describe the strategic management process
  • Provide details about the organizational decision-making process

Feel free to watch the video lessons in any sequence that works best for your studying process. Take advantage of timelines located below the videos that allow you find key topics within the lessons without rewatching them in their entirety.

5 Lessons in Chapter 2: ORELA Business Education: Management Planning & Strategy
Test your knowledge with a 30-question chapter practice test
Planning as a Function of Management

1. Planning as a Function of Management

In this lesson, you will learn the role of planning as a function of management. Discover the advantages of and barriers to planning, and how it is used to achieve organizational goals.

Types of Planning: Strategic, Tactical, Operational & Contingency Planning

2. Types of Planning: Strategic, Tactical, Operational & Contingency Planning

This lesson will explain the four types of planning used by managers, including strategic, tactical, operational and contingency planning. Terms, such as single-use plans, continuing plans, policy, procedure and rule, will also be defined.

What is a SWOT Analysis?

3. What is a SWOT Analysis?

In the business world, as in many other places, decisions aren't made lightly. Rather, management spends a long time considering the pros and cons of every choice. This lesson will teach you about one of the key ways they do that, the SWOT analysis.

The Strategic Management Process

4. The Strategic Management Process

We will be reviewing the strategic management process, starting with the four main steps of the process. These steps provide the foundation for understanding strategic management as a whole and will serve you well as you deal with management decision-making situations.

The Decision Making Process for Organizations

5. The Decision Making Process for Organizations

We will be discussing the formal decision making process for managers. The process will show you how to look at a problem and use a series of steps to address that problem. It is a key element of managerial decision making and one that is very practical for the business environment.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the ORELA Business Education: Practice & Study Guide course

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