Roles Goals Play in Planning The Change
Business Finance
Week 1 Discussion Forum
Discussion Forum Content Guidelines:
In Discussion Forums (DF) online, students are expected to provide substantive responses to all questions posited by the instructor. Substantive responses to the instructor’s questions should include insights and concepts from the week’s reading and approximate 150 words in length. Replies to students in the Discussion Forum should approximate 80 words in length. Students, however, should not be limited by these measures if they feel there is more to write and express. However, failure to approximate responses and replies using the above guidelines will result in a lower point total for this component of the course.
Note: There are no points awarded for prompt question responses or student responses once a weekly Discussion Forum closes Saturday midnight
Discussion Forum Directions:
Read Case Application 2 (the case can be found in chapter 8 page 233) addressing the need for Garmin to change directions. After reading the case, answer the questions below.
Instructor Prompt Questions:
- What role do you think goals would play in planning the change in direction for the company? List some goals you think might be important. (Make sure these goals have the characteristics of well-written goals.)
- What types of plans would be needed in an industry such as this one? (For instance, long-term or short-term, or both?) Explain why you think these plans would be important.
- What contingency factors might affect the planning Garmin executives have to do? How might those contingency factors affect the planning?
- What planning challenges do you think Garmin executives face with continuing to be the global market leader? How should they cope with those challenges?
- Think about the importance of planning, goals, and directions for your own professional development as leader, manager, or line employee. What are your short-term and longer-term goals for your professional development? Where are you going? How will you get there? What will be the measures indicating your progress?
