Podcast
Questions and Answers
Which of the following best describes strategic planning?
Which of the following best describes strategic planning?
- A process that avoids analyzing the external environment
- A long-term process dedicated to maintaining the company in its environment (correct)
- A reactive approach to addressing daily operational issues
- A short-term process focused on immediate gains
Considering the factors that are taken into account in strategic planning, which of the following is categorized under the macro-environment?
Considering the factors that are taken into account in strategic planning, which of the following is categorized under the macro-environment?
- The company's mission and vision
- Internal competence
- Fluctuations in exchange rates (correct)
- Internal insecurity and risk assessment
What is the primary focus of a company with a strong external orientation in its strategic planning?
What is the primary focus of a company with a strong external orientation in its strategic planning?
- Minimizing risk and uncertainty
- Maintaining the status quo
- Internal process optimization
- Adapting to environmental factors (correct)
Strategic objectives are categorized based on the time frame for achievement. What characterizes short-term objectives?
Strategic objectives are categorized based on the time frame for achievement. What characterizes short-term objectives?
Which statement best describes the role of strategy in business activities?
Which statement best describes the role of strategy in business activities?
How do strategic, tactical, and operational plans differ in terms of their time horizons?
How do strategic, tactical, and operational plans differ in terms of their time horizons?
What is typically included within the stages of a strategic plan?
What is typically included within the stages of a strategic plan?
What role does establishing a mission, vision, and objectives play in guiding a company?
What role does establishing a mission, vision, and objectives play in guiding a company?
In strategic planning, what is the distinction between opportunities and threats?
In strategic planning, what is the distinction between opportunities and threats?
In a SWOT analysis, which factors are considered as internal strengths that provide the company with functional capabilities and favorable resources?
In a SWOT analysis, which factors are considered as internal strengths that provide the company with functional capabilities and favorable resources?
Which of the following exemplifies a weakness in the context of internal analysis within strategic planning?
Which of the following exemplifies a weakness in the context of internal analysis within strategic planning?
What is the goal of performing a SWOT analysis and formulating strategies?
What is the goal of performing a SWOT analysis and formulating strategies?
What key element is essential to ensure the successful implementation of a company's strategy?
What key element is essential to ensure the successful implementation of a company's strategy?
In strategy implementation, what is typically included in the process?
In strategy implementation, what is typically included in the process?
What does strategic control involve in the context of organizational management?
What does strategic control involve in the context of organizational management?
What does effective strategic control enable within an organization?
What does effective strategic control enable within an organization?
Before developing a strategic plan, what should be considered?
Before developing a strategic plan, what should be considered?
What characterizes 'content estratégico' in business operations?
What characterizes 'content estratégico' in business operations?
What is the primary objective of Hazard Analysis and Critical Control Points (HACCP)?
What is the primary objective of Hazard Analysis and Critical Control Points (HACCP)?
What does 'inocuidad alimentaria' entail in the context of food production?
What does 'inocuidad alimentaria' entail in the context of food production?
What is a 'peligro' within the context of food safety and 'inocuidad alimentaria'?
What is a 'peligro' within the context of food safety and 'inocuidad alimentaria'?
Which of the following is considered an example of a 'peligro' in food safety?
Which of the following is considered an example of a 'peligro' in food safety?
What was W. Edwards Deming's contribution to the principles of TQM?
What was W. Edwards Deming's contribution to the principles of TQM?
What role did Pillsbury play in the development of food safety standards?
What role did Pillsbury play in the development of food safety standards?
What is a key consideration to reduce illnesses associated with food for astronauts?
What is a key consideration to reduce illnesses associated with food for astronauts?
What is the primary reason for a company to adopt the HACCP system?
What is the primary reason for a company to adopt the HACCP system?
What is a key consequence of benefiting from implementing the Food and Agriculture Organization (FAO) system?
What is a key consequence of benefiting from implementing the Food and Agriculture Organization (FAO) system?
How does implementing the FAO system enhance food product management?
How does implementing the FAO system enhance food product management?
What impact does adhering to legal requirements have on companies using the FAO system?
What impact does adhering to legal requirements have on companies using the FAO system?
Flashcards
Strategic Planning
Strategic Planning
A long-term concept of strategic administration dedicated to maintaining a company as a whole within its environment. It involves analyzing the external and internal environment, formulating strategies, and implementing and controlling them.
Factors in Strategic Planning
Factors in Strategic Planning
External factors that influence strategic planning.
Strategic Objectives
Strategic Objectives
The desired outcomes or achievements the company aims to reach.
Strategy
Strategy
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Levels of planning
Levels of planning
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National Development Plan (PND)
National Development Plan (PND)
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Mission, Vision, and Objectives
Mission, Vision, and Objectives
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Opportunities
Opportunities
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Threats
Threats
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Strengths
Strengths
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Weaknesses
Weaknesses
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Implementation of Strategies
Implementation of Strategies
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Strategic Control
Strategic Control
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Strategic Planning Application
Strategic Planning Application
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HACCP
HACCP
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Food Safety
Food Safety
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Hazard
Hazard
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T-Q.M.
T-Q.M.
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Benefits of Implementing (FAO)
Benefits of Implementing (FAO)
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Study Notes
Strategic Planning
- Strategic planning is a long-term process and administrative concept
- It's a creative and interactive process dedicated to maintaining the company by looking at the whole environment
- Its development involves analyzing the external and internal environment, forming strategies, implementing them, and controlling them
Factors to Consider (Macro Environment)
- Globalization
- International competition
- Exchange rate fluctuations
- Uncertainty
- It has a strong external orientation, considering environmental factors
Planning Strategy
- It is a set of elements that unify, integrate, and give coherence to decisions that include external orientation and sustained reasons for the organization
- It involves external decisions and assigning sources for the organization
Strategic Objectives
- Include short, medium and long term goals
- Focus on the permanence of the company and increased sales
Strategy
- It involves identifying the set of activities that will establish a sustainable competitive difference
- This competitive difference stems from activities that stand out, leading to success
Planning Levels
- Strategic Planning (LP): 5 years, long term
- Tactical Planning (MP): 2-3 years, medium term
- Operational Planning (CP): 1 year, short term
Strategic Plan
- Consists of stages like:
- National Development Plan (PND): Includes government matters
- Establishing the Mission, Vision, and Objectives: Sets goals to achieve in the long term.
- It guides the direction the company wants to take
- Analyze opportunities and threats through environmental forces, with:
- Opportunities: External aspects that can lead to advantages involving market segments, export etc.
- Threats: Negative environmental factors that are potentially problematic, such as competition, substitutes, imports, and taxes.
Internal Analysis
- Internal analysis examines strengths and weaknesses
- Strengths: Include functions, capacities, and favorable resources
- Weaknesses: Inefficient activities that hinder proper functioning
Strengths Example
- Quality and economies of scale
- Skilled personnel
- Innovation
- Entrepreneurial philosophy
- On the cutting edge
Weaknesses Example
- High production costs
- Resistance to change
- Lack of planning
- Lack of capacity
- Obsolete technology
Strategy Formulation Steps
- SWOT Analysis & Strategy Formulation
- Analyze the external (opportunities and threats) and internal (strengths and weaknesses) environments
- Maximizing strengths and opportunities
- Minimizing weaknesses and threats
Strategy Implementation Steps
- To implement the strategies, the organization must count on support from structure, technology, resources, a system for information, culture, and leadership.
- Introduction, Development, Consolidation
Strategic Control Steps
- A strategic control system is developed to support administrators in the advancement of the organization, and correct deviations when they arise
- Involve administrators and all members of an organization
- The application of this methodology must contemplate the needs of each company
Conclusion
- There is no magical formula for success applicable in all organizations
- It must adapt to the needs of each company
- Who? How much? How? When? Where?
Food Safety
- Unit 2 of the administration strategy is the Hazard Analysis and Critical Control Points (HACCP) system
HACCP Definition
- HACCP is a preventive system of control, in food, whose main objective it is to ensure food safety
- In this case the responsibility go to the manufacturer or producer
- Innocuous means not harmful
Food Safety Definition
- Food safety is the guarantee that food will not cause any harm to the consumer, when the same is prepared and administered according to its intended use
Hazards in Food Safety
- Biological, physical, and chemical agents or conditions in food that are potentially harmful to consumer health
Food Safety History
- 1950: Total Quality Management (TQM) by Dr. Deming focused on production, quality, reducing costs, and avoiding unnecessary material waste
- 1960: Pillsbury Company with US Army and NASA was producing safe space food for the astronauts
Taking into Account
- Food sources could be the main cause of ailments in astronauts, so the company adopts the HACCP system, therefore, reducing the amount of tests or inspections of the final product
Benefits of Implementing the HACCP System (FAO)
- Increase consumer confidence
- Guarantee food safety
- Comply with legal requirements
- Reduce the need for inspection and analysis of finished products
- Efficient use of resources
- Cost reduction
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