Airplane Velocity Problem: A plane is flying through the air at a speed of 500 km/hr. At the same time, the air is moving 40 km/hr with respect to the ground at an angle of 23 with the planes path. The planes ground speed is the vector sum of the planes air velocity and the wind velocity. Find the planes ground speed if it is flying a. Against the wind b. With the wind
BA316 Week 2 04/05/2016 ▯ Chapter 5 Planning ▯ ▯ Mission statement Expresses the purpose of an organization Who What When Where Why ▯ Vision Statement Where an organization wants to go You innovate and iterate upon a vision statement Should incorporate a goal ▯ ▯ Three types of planning ▯ ▯ Strategic Planning: 3-5 years incorporates a broad view of the organization ▯ ▯ Tactical Planning 1-2 years focused on specific business unit ▯ ▯ Operational Planning: 12 months or less most narrow, centered on certain departments ▯ ▯ Goal Setting Specific Measurable Attainable Results-oriented Target dates ▯ ▯ Strategic management process Asses the Reality of your situation o Porters 5 forces industry analysis Competition Rivalry among firms Price Quality Threat of new entrants Threat of Substitutes Customers: Bargaining power of buyers Suppliers: Bargaining powe
