Integrated Business

Study Guide for Quiz#1 - Integrated Business Experience

* Key to success in implementing IBP - Syllabus handout

1. People are fundamental

2. Education drives behavioral change

3. Create internal experts within the company

4. Develop multi-disciplined teams

5. Consistent processes with clear responsibilities and accountabilities

6. Deliver outstanding sustainable results through the integration of business processes and functions, and executive led and managed IBP

* Differences between S & OP and Integrated Business Planning - Syllabus handout

1. Greater financial integration

2. Inclusion of strategic initiatives and activities

3. Improved simulation and modeling

4. Easier translation between detail and aggregate

5. Improved decision-making

6. Improved trust within the management team

* Four Primary Elements of Strategic Planning Process - "Strategic Planning" article

1. Strategic Planning (Development / Creation of Strategy)

2. Strategic Deployment (Communication, Feedback, and Execution)

3. Integration with other processes (Alignment and Synchronization)

4. Monitoring and Evaluation (Continuous Strategic Management)

* Most fundamental strategic decision - "Strategic Planning" article

1. What should the scope of our products and markets be?

* Considerations for Strategy Development - "Strategic Planning" article

1. Driving Force - The one strategic area that is most important to a company and is the engine that propels, or drives, the company forward to success

 Product

 Operational Excellence

 Customer Intimacy

2. Core Competencies?

 What gives the company lasting uniqueness

3. Internal SWOT (Strengths, Weaknesses, Opportunities, and Threats)

4. Facilitator - A facilitator has a very specific role: to keep the discussion moving forward in a constructive manner. The facilitator