Introduction The organization has now set its goals and implemented its program.

Introduction
The organization has now set its goals and implemented its program. How do business leaders know they have been successful? What are the measures of success and what tools are available. In this week’s activities, the class will learn the different methods available for designing budgets and other assessment models.
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.
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.
Written Assignment
This week’s Written Assignment can be found in this document. attached.
Learning Journal
The Learning Journal is a space where you should reflect upon what was learned during the week and how it applies to your daily life and will help you with your life (career) goals. For this week’s reflection, please write an essay of complete and well composed paragraphs (200 word minimum for the entire essay) where you describe the DMAIC (Define, Measure, Analyze, Improve, and Control) process and how it relates to Six Sigma project theory.