Please Answer 3. The first step in the planning process is to:a. Setting standardsb. Setting organizational, division or unit goalsreach goalsIntermediate plans are set byа. Тор5. A company mission is a statement of the organization's:a. Accounts and responsibilitiesb. Purpose6. The purpose of strategic planning is to find ways in which the company can best:a. Overcome lossesC. determining resources neededd. developing strategies or tactics tomib erd ai tariWost bris vpeiele noewiemanagement.C. lower4.b. middled. all of the aboveC. net worthd. structureb. Use its strengths to take advantage of attractive opportunities in the environment.C. Avoid paying taxes.d. Avoid the expense of costly research and development while still getting the benefits.7.This presents an overall view of the marketing project and its potentiala. Budget8. This a written document that states that the quantity of output a company must produce in broadterms and by product family.a. Marketing Planb. Financial Planb. Policiesc. Pland. Executive SummaryC. Production Pland. Strategic Plan9. They are broad guidelines to aid managers at every level in making decisions about recurringsituations or function.b. Policiesm bns noieiv neewic. Procedureert ei tenW d. Rulesa. Budget10. These are plans that are used again and again, and they focus on managerial situations thathappen repeatedly.a. Standing Plansb. Single-Use Plansc. Strategic Plansd. Tactic

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Answered: 3. The first step in the planning…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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12. Define the seven steps in the strategic planning process: a. Organizational mission: b. Strategic business units: c. Marketing objectives: d. Situational analysis: e. Marketing strategy: f. Tactical plans: g. Results:
There are several steps in the planning process. Review the variations shown in the table below. Which list is correct? A 1. Analysis + mission strategy 2. Mission + goals plans 3. Operational goals > tactics 4. Strategic plans > tactical plans 5. Tactical goals > operational goals 6. Strategic goals > operational plans B 1. Analysis + mission strategic goals 2. Mission strategic goals > plans 3. Strategic goals + plans > tactical goals 4. Plans + tactical goals > tactical plans 5. Goals tactical plans > operational goals 6. Tactical plans + operational goals > plans Which list of steps reflects the best order for the planning process? A O B с O O с 1. Tactical plans lead to strategic goals. 2. Strategic goals lead to strategic plans. 3. Plans are based on tactical goals. 4. Plans are based on operational goals. 5. Goals based on environmental analysis. 6. Analysis determines the mission.
1. In a paragraph, formulate an analysis about the big lie in strategic planning by Roger L. Martin. 3. What is the big lie in “The big lie in strategic planning” by Roger L. Martin. 3. What is the importance of strategic planning in an enterprise.
39) One of the fundamental strategy evaluation activities is reviewing the external and internal factors on which strategies are based. OTrue OFalse 40) Competitive intelligence is not corporate espionage. OTrue False 41) Constructing an Internal Factor Evaluation Matrix is a summary step when conducting an internal strategic-management audit. OTrue False 42) Customers and creditors are considered stockholders of an organization. OTrue False
1. Roger is telling Mary the first three steps in planning an organization. In the correct order, they are ____. Writing a mission statement, creating a vision statement, and strategic planning Strategic planning, creating a mission statement, and creating a vision statement Strategic planning, operational planning, and preparing a vision statement Tactical planning, operational planning, and writing a mission statement Operational planning, creating a mission statement, and developing a hiring plan.
which of the following assumptions characterizes comprehensive planning? OA. There is a common public interest that can be identified by planners. B. Rational analysis can diagnose problems and develop strategies to address them. C. Each community is made up of different groups and interests, each with equally legitimate goals and values, and conflicts between them can only be resolved by the political process. O D. Planners can deploy their scientific expertise to identify public goals and objectives, analyze situations and diagnose problems, and propose appropriate responses. O E. A central general-government agency is empowered to implement the plan's proposl.
are developed and used to implement strategic plans. * Tactical plans. O Visions. O Operational plans. Missions.
Organizational planning is like charting your company's path on a map. You need to know what direction you're headed to stay competitive but what exactly is organizational planning and how do you do it effectively? As a Part of Management team guide your junior staff about following terms: Different types of Organizational Plans? (Briefly describe each plan.) How Organizations develop Strategic Plans. (Step of Planning Process) a. b. Organizational Planming Example (Here is an example of a live org chart where company C. can visualize their management structure and plan for the future) d. Organizational Planning Tools (Two Planning Tools and Techniques)
A. Identify if the following situations are under strengths, weaknesses opportunity, and threats. Write the number of the corresponding market situation in the swot analysis matrix. (Please refer to the picture.)
Opportunities and threats are: a) identified as part of the firm's tactical planning process. b) factors that are external to the firm but can still affect its performance C) factors that are internal to the firm and those over which the firm has a great deal of control. d) dealt with primarily in a furm's operational planning process.
3. Discuss the nature of an organization’s environments, and identify and describe the components of its general, task, and internal environments 4. Summarize the planning process, and describe organizational goals.
4- Identify the one that is basis of planning. a. Purpose b. Mission c. Vision d. Management

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3. The first step in the planning process is to: a. Setting standards b. Setting organizational, division or unit goals reach goals C. determining resources needed d. developing strategies or tactics to oat bie vpeiela noewied eornoisthib ent ai terWA