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MADM 301: Principles of Management
Louisiana State University Shreveport – Dr. Michael D. Meeks
Skill Builder #2 (Chapters 5-6): 100 Points
(Chapter 5: Planning & Decision Making; Chapter 6: Organizational Strategy)
WORD COUNT: Students must write a minimum of 500 words in this assignment to receive any credit (499 words or less receives zero points). This Skill Builder template started with 274 words, so to calculate your student word count, simply subtract 274 from the word count indicated by your word processor (WORD: see Review tab – word count). Remember, the goal is to learn, and we know that writing makes us think, which leads to learning. Please do not express a desire to be concise. Always try to write more.
1. Explain why (or why not) a Business Plan is important to the success of a business (use your own words – what do YOU think). [min 400 words]
Write answer here…
2. Summarize Chapter 5 ( Planning and Decision Making ) in your own words. [min 400 words]
Write answer here…
3. Summarize Chapter 6 ( Organizational Strategy ) in your own words. [min 400 words]
Write answer here…
4. During this week of the course we have covered Chapters 5 and 6; in which lots (over 200) of concepts/ideas are presented. Just like you did in last week’s Skill Builder, choose among the 200+ concepts/ideas presented in these two chapters and list the five most important, and share why you feel they are important (and prioritize so the most important – in your opinion – is the highest on your list). [min 600 words]
Write answer here…