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I. LEARNING COMPETENCIES
Discuss the nature and levels of planning and types of plans.
Strategic Mission
Explanation
ACTIVITY 2 Direction: Answer briefly the following questions.
2. How can a company benefit from having a good vision and mission statement? 5
points
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4. Why do you think managers are prone to commit cognitive biases in decision-
making? How can they avoid them?
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5. Choose one planning technique and explain how this can be benefit the manager.
What makes this particular technique more advantageous than the other?
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1. How did the application of scientific management affect the production of the
Ford Model T?
2. How were the production workers affected by the employment of scientific
management in Ford’s Model T factories?
3. Did the solutions implemented by Ford effectively address his worker’s problems?
Explain. 5 points
4. Should Ford be more concerned with improving production methods or improving
the welfare of his employees? Justify your answer. 5 points
- End of Worksheet -
ANSWER KEY
A–I
1. Fordism
2. Corporation
3. Sole Proprietorship
4. Globalization
5. Mercantilism
6. Industrial Revolution
7. Partnership
8. Incorporation
9. Post-Fordism
10.
A - II
1. G
2. B
3. G
4. F
5. D
6. B
7. A
8. C
9. E
10. D