Page 127 - Business Studies 11-12 (2006)

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THE ONTARIO CURRICULUM, GRADES 11 AND 12: BUSINESS STUDIES
Planning and Controlling
Overall Expectations
By the end of this course, students will:
• analyse the importance of planning to the success of an organization;
• demonstrate an understanding of appropriate planning tools and techniques in a variety of situations;
• analyse the relationship between strategic planning and the success of an organization;
• analyse how companies respond to internal and external pressures for change;
• assess the importance of control in management.
Specific Expectations
The Importance of Planning
By the end of this course, students will:
– describe the planning process and its bene- fits to the organization (e.g., flexibility, coordination, time management);
– apply different problem-solving strategies to a variety of management planning challenges;
– analyse the importance of individual and group creativity in planning.
Planning Tools and Techniques
By the end of this course, students will:
– describe tools and strategies used in the planning process (e.g., participatory plan- ning, benchmarking, scenario planning);
– explain the use of effective short-term planning tools and strategies (e.g., policies, operational plans, planning approaches) and long-term planning tools (e.g., bud- gets, strategic plans, simulations, forecasts);
– demonstrate the ability to use time- management techniques.
Strategic Planning
By the end of this course, students will:
– explain the importance of the strategic planning process and describe the levels of strategic planning (corporate, business, functional) in an organization;
– describe the types of strategic plans (e.g., growth, retrenchment, e-business) used by specific organizations;
– analyse organizational strategic plans, using a variety of management tools (e.g., strengths, weaknesses, opportunties, threats analysis [SWOT analysis]; political, envi- ronmental, social, technological analysis; Porter’s five forces competitive model);
– analyse the two levels of corporate culture (core and observable) and describe the relationship between corporate culture and strategic planning.
The Management of Change
By the end of this course, students will:
– analyse the elements that bring about change in an organization (e.g., develop- ments in information technology, imple- mentation of a growth plan, evolution of the organizational culture);
– analyse the reasons for various attitudes towards change (e.g., why individuals fear change, why individuals embrace change);
– evaluate different strategies used by man- agers to bring about acceptance of planned change (e.g., education, shared power, negotiation);