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5 Written Questions

5 Matching Questions

  1. Ways groups can hurt
  2. Groups must be well led
  3. Concentric diversification
  4. Analyze internal strengths and weaknesses
  5. Standing plan
  1. a Dominance by one
    GROUP THINK - pressure to avoid disagreement - Bad things can happen (Challenger Space Shuttle)
    Goal Displacement Lose site of original GOAL
  2. b Internal resource analysis
    Financial analysis
    Human resources assessment
    Marketing audit
    Operations analysis
    Other internal resource analyses
  3. c Ongoing activities. May become more permanent rules and policies
  4. d corporate strategy moving into new businesses that relate to the original core business.
  5. e Effective managers must pay close attention to the group process
    Appropriate leadership style
    Constructive use of disagreement and conflict
    Be the devil's advocate
    Enhancement of creativity
    brainstorming

5 Multiple Choice Questions

  1. Plan B - an alternative plan in case the original plan doesn't work
  2. major targets or end results relating to long-term survival, value and growth
  3. a. Illusion of Control = over-confidence
    b. framing effects - painting a pretty picture
    c. discounting the future - focusing only on short term
  4. One time use - for things that likely won't happen again
  5. 1. Identify and diagnose problem
    2. Generate alternative solutions
    3. Evaluate alternatives
    4. Make the choice
    5. Implement the plan
    6. Evaluate and repeat

5 True/False Questions

  1. Why are most SWOT Analyses not valid?S- Specific : precise, describe details
    M- Measurable : objective, 3 mos., 6 mos. 1 yr
    A- Attainable : achievable
    R- Relevant : contribute to the organization's goals
    T- Time-bound : Specify a target date for completion

          

  2. Tactical PlanningMiddle Level and Lower Level
    translates broad strategic into specific goals and plans relevent to the particular part of the org

          

  3. External Threats and OpportunitiesIndustry profile
    Industry growth
    Industry forces
    Competitor profile
    Competitor analysis
    Competitor advantages
    Legislation and regulatory activities
    Political activity
    Social issues
    Social interest groups
    Labor issues
    Macroeconomic conditions
    Technological factors

          

  4. 3 levels of planningTop Level Management
    effectiveness, efficiency, market share, profit, ROI,
    \

          

  5. What are Stakeholders?S- Specific : precise, describe details
    M- Measurable : objective, 3 mos., 6 mos. 1 yr
    A- Attainable : achievable
    R- Relevant : contribute to the organization's goals
    T- Time-bound : Specify a target date for completion

          

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