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ENT313Management Sciences2 Unitsintermediate

Corporate Planning

This course introduces corporate planning concepts and techniques for organizational effectiveness. It covers the functions, necessity, and importance of planning, along with problem-solving approaches for issues like capital budgeting and new product launches. Students will learn about the role of corporate planners, their relationship with line managers, and how to apply case materials to real-world planning challenges. The course also explores decision-making processes, planning tools, and techniques available to managers.

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150h
Study Time
13
Weeks
12h
Per Week
basic
Math Level
Course Keywords
Corporate PlanningStrategic PlanningDecision MakingBudgetingOrganizational Effectiveness

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
🔬
Learning Type
Hands-on Practice

Course Topics

Key areas covered in this course

1

Management Functions

2

Planning Process

3

Strategic Planning

4

Decision Making

5

Management by Objectives

6

Forecasting Techniques

7

Budgeting

8

Scheduling

9

Project Management

Total Topics9 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Tutor-Marked Assessments

Comprehensive evaluation of course material understanding

Written Assessment

Final Examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Project Manager

Apply your skills in this growing field

Management Analyst

Apply your skills in this growing field

Business Development Manager

Apply your skills in this growing field

Strategic Planner

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

ManufacturingFinanceHealthcareGovernmentEducationTechnology

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Planning As a Vital Function of Management

2h

Unit 1: Overview of Management as Science, Theory and Practice

2 study hours
  • •Define management and its importance.
  • •Discuss managerial skills and organizational hierarchy.
  • •Explain the systems approach to management.
  • •Enumerate and explain managerial roles.
  • •List and explain the basic functions of management.
Week
2

Module 1: Planning As a Vital Function of Management

2h

Unit 2: Planning as an important Management Function

2 study hours
  • •Define planning and its features.
  • •Differentiate between planning and forecasting.
  • •Explain the purposes of planning.
  • •Discuss the relationship between planning and controlling.
  • •Enumerate misconceptions about planning.
Week
3

Module 1: Planning As a Vital Function of Management

2h

Unit 3: Corporate Planning, Strategic Planning and Corporate Strategy Compared

2 study hours
  • •Define corporate planning, strategic planning, and corporate strategy.
  • •Discuss the core areas of strategy.
  • •Explain the concepts of process, content, and context in strategy.
  • •Identify the characteristics of a 'good' strategy.
  • •Outline the objectives of corporate planning.
Week
4

Module 1: Planning As a Vital Function of Management

2h

Unit 4: Objectives: The Foundation of Planning

2 study hours
  • •Describe objectives as the foundation of planning.
  • •Discuss the nature of objectives, including hierarchy and multiplicity.
  • •Differentiate between real and stated objectives.
  • •Discuss traditional objective setting.
  • •Determine how to set effective objectives.
Week
5

Module 1: Planning As a Vital Function of Management

2h

Unit 5: Classification of Planning

2 study hours
  • •Classify plans based on different components.
  • •Discuss planning based on its types, including strategic vs. operational.
  • •Explain the differences between short-term and long-term plans.
  • •Differentiate between specific and directional plans.
  • •Describe planning based on frequency of use.
Week
6

Module 1: Planning As a Vital Function of Management

2h

Unit 6: Steps in Planning

2 study hours
  • •Enumerate and discuss the various steps in corporate planning, including awareness of opportunities.
  • •Explain the importance of establishing objectives and developing premises.
  • •Describe the process of determining and evaluating alternative courses.
  • •Discuss the formulation of derivative plans and quantifying plans by budgeting.
Week
7

Module 2: Essentials of Planning and Managing by Objectives

2h

Unit 1: Decision Making I

2 study hours
  • •Define decision making as a concept.
  • •Analyze decision making as a rational process.
  • •State the roles and limitations of rational decision making.
  • •Explain the decision-making process.
  • •State the role of a manager as a decision-maker.
Week
8

Module 2: Essentials of Planning and Managing by Objectives

2h

Unit 2: Decision Making II

2 study hours
  • •List the types of problems and decisions.
  • •Enumerate the decision-making conditions.
  • •Highlight and discuss decision-making styles.
  • •State and explain the development of alternatives and the limiting factor.
  • •Discuss creativity and innovation.
Week
9

Module 2: Essentials of Planning and Managing by Objectives

2h

Unit 3: Management by Objectives

2 study hours
  • •Define the concept of Management by Objectives (MBO).
  • •Discuss how Management by Objectives (MBO) has evolved.
  • •Enumerate and discuss the benefits and weaknesses of Management by Objectives.
Week
10

Module 2: Essentials of Planning and Managing by Objectives

2h

Unit 4: Premising and Forecasting

2 study hours
  • •Define forecasting and premising.
  • •Differentiate between forecasting and premising.
  • •Explain what is meant by environmental forecasting.
  • •List ways by which forecasting can be made effective.
  • •Define Benchmarking.
Week
11

Module 2: Essentials of Planning and Managing by Objectives

2h

Unit 5: The Role Of Corporate Planners In An Organisation

2 study hours
  • •Define a corporate planner.
  • •State the role of a corporate planner.
  • •Enumerate the functions of a corporate planner in an organization.
  • •Discuss the role of marketing planning in the context of corporate planning.
Week
12

Module 3: Planning Tools and Techniques

4h

Unit 1: Operational Planning Tools I – Budget

2 study hours
  • •Define budget.
  • •Enumerate the types of budgets.
  • •Classify budgets into variable and fixed.
  • •Discuss the importance of budget.
  • •List and discuss the various methods for capital investment criterion.

Unit 2: Operational Planning Tools II

2 study hours
  • •Define scheduling.
  • •Demonstrate the use of Gantt and load charts.
  • •Define PERT network analysis and demonstrate the use of this tool for operational planning purpose.
Week
13

Module 3: Planning Tools and Techniques

4h

Unit 3: Operational Planning Tools III

2 study hours
  • •Define and discuss breakeven analysis.
  • •Define and describe linear programming.
  • •Explain queuing theory.
  • •Discuss probability theory.

Unit 4: Operational Planning Tools IV

2 study hours
  • •Define and discuss marginal analysis.
  • •Explain simulation.
  • •Define and describe project management.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create concept maps linking Module 1 units to understand the foundations of planning.

2

Practice decision-making scenarios from Module 2 units weekly.

3

Review case studies in Module 4 and apply planning tools from Module 3.

4

Focus on quantitative techniques like breakeven analysis and linear programming.

5

Allocate time to understand the differences between strategic and operational planning.

6

Review all TMAs and their solutions to identify areas of weakness.

7

Create a study schedule that allocates sufficient time to each module based on its complexity.

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