Which of the following would be a concern addressed in a strategic plan?
Which specific jobs should be assigned to each employee?
How much output should be produced this week in a given production facility?
Should the firm make a long-term commitment to expand into new markets?
Which computer software package should the firm’s human resources office use to manage the payroll?
Two years ago, Travis started his own restaurant supply company, serving the greater Chicago area. Until recently, he has never concerned himself with establishing a formal control system. Now, with a recession looming, he is experiencing cost-conscious restaurant owners. He has decided that a formal control system is needed. The first step Travis should take is:
design an accident report form so that he can keep accurate records of all accidents that occur.
devise a set of clear performance standards.
draw up a formal organization chart.
talk to his banker to set financial goals.