when creating Mission & Vision Statements. For learning purposes, we used a “24-

when creating Mission & Vision Statements. For learning purposes, we used a “24-hr Daycare” as an example.
<
<
Assignment Details:
<
<
Continue to refresh your knowledge of Chapter 7. Read about:
<
<
•Strategy: outlines major goals and objectives and serves as a company road map
<
•Strategic plan: a formal document that identifies how the company will secure, organize, use, and monitor its resources
<
•Company resources
<
–Human (employees)
<
–Fiscal (financial)
<
–Capital (long-term investments)
<
<
<
Task 1 – Create (2) Goals and objectives for the Daycare and be ready to discuss them next week:
<
<
•Goal: a target. Describes what needs to be achieved
<
•Objectives: short-term goals (specific activities) that support a goal; objectives have timelines and are measurable
<
<
Task 2 – Review “LINES OF AUTHORITY” information in chapter 7.
<
<
Create an
<
•Organizational structure: the way a company is organized
<
&
<
•Organization chart: a graphic display of the formal lines of authority.
<
–Identifies key functions within the company