Reading Assignment
Similar to prior weeks, Strategic Management will provide the overview while other resources will provide more specialized content. Budgeting for Success provides the content of conventional business budgets. Finally, Profit from Six Sigma, provides an excellent introduction to the Six Sigma process. Please read the chapter relating to the DMAIC (define, measure, analyze, improve, control) closely.
Strategic Management, by N. Ritson, pages 72-80. Available directly from the course homepage.
Profit from Six Sigma, by G. Knowles, pages 31-66. Available directly from the course homepage.
Budgeting: Planning for Success, by Walther, L. M. & Skousen, C. J., pages 1-36. Available directly from the course homepage.
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Discussion Assignment
Describe, in your own words, the following approaches to designing a budget: Mandated approach to budget design, Participative approach, and the Blended approach. What advantages or disadvantages do you believe each approach carries? Which approach do you think is the best?
You are encouraged to research outside sources and, of course, cite them. Do not, however, quote sources word-for-word, but rather, respond to the Discussion Forum Question in your own words.
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PART 2
Discussion Responses
It is your responsibility to respond to three classmates by providing comments, asking questions, or having a conversation about their main post. Feedback should be appropriate, meaningful, and helpful. For instance refer to how your own experience supports/contradicts the opinions developed by your peers. If you think they are too general or not rooted enough in personal experience, you may also ask for more detailed examples supporting these opinions. In particular make sure that the examples provided are properly referenced and that you are able to access them. Overall, your comments should contribute positively to the conversation by broadening or clarifying it. Feedback should be at least 3-4 complete sentences.
-Once part 1 is done & I post onto my school’s
discussion board, I will upload the 3 student’s discussion (Inbox me if you
need clarification on this)
-Please be mindful that both Part 1 and 2 are due on same day so give some time to do Part 1 ahead of the deadline. Thanks!
