5 Written questions
5 Matching questions
- Strategic plan
- Operational Planning
- Single Use Plan
- Six stages to formal decision making
- S. W. O. T
- a 1. Identify and diagnose problem
2. Generate alternative solutions
3. Evaluate alternatives
4. Make the choice
5. Implement the plan
6. Evaluate and repeat
- b Frontline Managers
identifies specific procedures and processess required to implement - focus is on rutine tasks like production and schedules
- c One time use - for things that likely won't happen again
- d S- Strengths
- e A set of procedures for making decisions about long term goals and strategies.
5 Multiple choice questions
- An organization's basic purpose and scope of operations.
Clear and concise expression of the organization's basic purpose.
- corporate strategy moving into new businesses that relate to the original core business.
- corporate strategy of a single business in a single industry
- Plan B - an alternative plan in case the original plan doesn't work
- a process planners use, within time and resources constraints, to gather, interpret, and summarize all information relevant to the planning issue under consideration.
Internal forces at work in the organization
Influences from the external environment.
5 True/False questions
Dogs → Target or end that management desires to reach.
Encourages everyone to think broadly
Cash cows → BCG Category of Business: - low-growth businesses with a strong competitive position that generates revenues in excess of their investment needs, so they fund other businesses
Standing plan → Ongoing activities. May become more permanent rules and policies
Conglomerate diversification → corporate strategy of expansion into unrelated businesses. GE - light bulbs and locomotives
Implement plan → Define strategic tasks.
Assess organization capabilities.
Develop an implementation agenda.
Create an implementation plan.