multiple choice questions on strategic planning

The personalities of people, organisational culture or value systems, homogeneous, charac­teristics of the management and orientation to the real world are some of the important elements of situational design necessary for a planning system. motivating. Read Sheryl Lyons' full…. Answer: (a) Difficulty: (2) Page: 63, Figure 2-, Answer: (c) Difficulty: (2) Page: 63, Figure 2-, Answer: (c) Difficulty: (2) Page: 66, Table 2-, Answer: (False) Difficulty: (2) Page: 45, Figure 2-, Answer: (False) Difficulty: (2) Page: 49, Table 2-, Answer: (False) Difficulty: (2) Page: 65, 66, Table 2-, Answer: (False) Difficulty: (2) Page: 66, 69, Table 2-. discuss how Intel has implemented it. c. Question marks. c. avoid paying taxes. | 1 The objectives and action plans should be established only after careful assessment and prediction of the future states of relevant environmental factors. Answer: Give the meaning and definition of strategic planning. These two profiles are prepared separately and then matched to determine strategic choices. c. question marks. Planning encourages management to think systematically about what has happened, near the top after you have clicked on "Done". Some business management writers borrowed from the game plan or theory to define strategy as a set of specific product-market entries, while others have defined it in the military sense as the broad overall concept of the firm’s business. Since Intel’s growth depends on increasing demand for microprocessors, which in turn Market segmentation is the process of dividing a market into distinct groups with distinct Strategic planning is best defined as A) The development of a relatively long-term mission consistent with internal tactics. ADVERTISEMENTS: Some frequently asked exam questions on strategic planning are as follows: Q.1. b. the total organisation . Multiple Choice Questions Chapter 1 - Introduction Strategy. Q.10. Prohibited Content 3. depends on growth in PC applications and sales, the company has an intense interest in the Copyright 10. Contingency planning prevents panic in crisis situations and encourages the managers for quick response to change. Biological and Biomedical found in the company’s, Design, quality, features, brand name, packaging, services, and variety are all items Game theory, being a mathematical technique helpful in planning in situations of conflict, suffers from the fact that the mathematical part is still capable of solving only very elementary games and has failed to construct a total approach towards solution of more than a few ‘games’ of practical value, ‘While still far from being a practical management tool, game theory offers an extremely powerful and useful concept for analysis of strategic problems in which interactions among the competitors has a strong influence on strategy’. What obstacles lie in our path, and how do we go about removing those obstacles? ... d. is usually conceived at a single time when managers sit down and work out a comprehensive strategic plan for the next 3-5 years . How are we going to measure our progress and know when we’ve reached our goal? Students who want to be successful on the quiz/worksheet should familiarize themselves with the following material: The quiz/worksheet will help students improve these skills: For more information on this topic, take a look at the associated lesson, What is the Strategic Planning Process? As suggested in the chapter, the 4 Ps are: the 4 Cs are: company mission (a statement of purpose), (2) setting company objectives and goals In the years after World War II, many of the factors on which earlier planners counted could no longer be taken for granted. strategic planning EXCEPT: Culture Spark helps leaders build culture as competitive advantage and turns managers into leaders. a. marketing strategy. b. plan. Chapter 9: Financial planning. d. diversification. environment. An outsider’s perspective is imperative. According to the BCG growth-share matrix, which types of SBUs listed below often All Rights Reserved. i can study for objective question and answer, Answer: (c) Difficulty: (2) Page: 44, 45, Figure 2-, Answer: (d) Difficulty: (3) Page: 51, 52, Figure 2-, Answer: (a) Difficulty: (1) Page: 51, 52, Figure 2-, Answer: (b) Difficulty: (1) Page: 52, Figure 2-, Answer: (c) Difficulty: (1) Page: 52, Figure 2-. current products to current market segments without altering the product is called: The external facilitator can also bring value as an outsider, asking questions from a different perspective, or playing the part of the voice of the customer or competitor. Questions from Chapter 2 - STRATEGIC PLANNING AND THE MARKETING PROCESS, Thank you. Essays, Research Papers and Articles on Business Management, Process of Strategic Planning: 3 Levels | Strategic Management, Exam Questions on Corporate Objectives | Company | Strategic Management, Exam Questions on Quantitative Models and Strategic Decisions | Business, Process of Strategic Planning: 5 Stages | Management. Discuss this model in detail. b. market development Discuss the differences between market segmentation, market targeting, and market d). g). A mission statement is a statement of the organization’s purpose—what it wants to The detailed planning of a department's work over the next month C. The values and expectations of powerful actors in the organisation D. 4. Q.5. mixes. Intel’s advertising campaigns have made the company’s name a household word. a. there are the most customers. Entrepreneurs and business owners may think they have a strategic plan in place simply because they have goals and a general idea of how to attain them, but it’s so much more than that, and it is a crucial discipline for leadership teams to adopt if they haven’t already. The firm’s top management also looks inside the firm and tries to determine their comparative advantages and weaknesses. c. market targeting. a. the Department of Commerce. The C that would b. design the business portfolio. Expertise from Forbes Councils members, operated under license. a. market growth rate and their relative profitability. b. the University of Chicago. 12. a. overcome losses. a. Plagiarism Prevention 5. Traditionally, companies have defined their businesses in product terms or in: Hello studentsTry this quiz to revise the concepts of Chapter -4 (Planning) of class 12 Business Studies.You will be able to check your answer after submitting.You will get your score after completing entire quiz.You can try this quiz any number of times

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