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5 Written questions

5 Matching questions

  1. Six stages to formal decision making
  2. 3 levels of planning
  3. Goals:
  4. Ways groups can help
  5. Benchmarking
  1. a Target or end that management desires to reach.
    Stresses creativity
    Encourages everyone to think broadly
  2. b Top-level managers: Strategic planning
    Middle-level managers: Tactical planning
    Lower-level managers: Operational planning . Internal Alignment is crucial here
  3. c Determining how well one company's compare with another company or set of companies.
    Understanding "best practices" of other firms
    Take actions to achieve better performance and lower costs
    Ford, Corning, Toyota
  4. d 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. e More info available
    Greater number of perspectives
    Stimulates discussion and thinking
    Encourages participation
    Leads to higher commitment

5 Multiple choice questions

  1. 1. Analyze the situation
    2. Alternative goals and plans
    3. Goal and plan evaluation
    4. Goal and plan selection
    5. Implementation
    6. Monitor and Control Performance
  2. major targets or end results relating to long-term survival, value and growth
  3. An organization's basic purpose and scope of operations.
    Clear and concise expression of the organization's basic purpose.
  4. a process planners use, within time and resources constraints, to gather, interpret, and summarize all information relevant to the planning issue under consideration.
    Focus on:
    Internal forces at work in the organization
    Influences from the external environment.
  5. Where will we be active?
    How will we get there?
    How will we win the marketplace?
    How fast will we move, and in what sequence will we make changes?
    How will we obtain financial returns?

5 True/False questions

  1. DogsBCG Category of Business: Businesses with high growth and a strong competitive position require heavy investment


  2. Contingency PlanPlan B - an alternative plan in case the original plan doesn't work


  3. What are Stakeholders?Groups and individuals who affect and are affected by the achievement of the organization's mission, goals, and strategies.
    EX: Buyers, suppliers, competitors, government and regulatory agencies, unions and employee groups, financial community, owners and shareholders, and trade associations.
    The environmental analysis examines stakeholders
    St. Paul Public Library


  4. Strategic control systemEvolve from the organization's mission and vision.
    The steps and processes to achieve the mission and vision


  5. Groups must be well ledOne time use - for things that likely won't happen again