Question 4:The planning process begins with:a formal mission that defines the basic purpose of the organization.setting the strategic goals for the organization as a whole.devising functional plans for the organization.articulating specific procedures or processes for individual departments and employees.

INTRODUCTION: The idea of strategic planning first gained attraction in the 1950s and 1960s, and it…

Answered: The planning process begins with: a…

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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Similar questions

Describe the advantages of enterprise resource planning for a company's clients and business partners using actual instances.A210
The controller of a company holds a monthly meeting where any department that has a 10% unfavorable variance to the budget must explain the variance and develop a plan to remedy the situation. This is an example of: a. Activity-based management. b. Cost management. c. Continuous improvement. d. Management by exception.
Resources are always scarce in organizations, and managers need to make sure the resources they have are used effectively. helps managers determine where resources are most needed so they can be allocated where they will provide the most benefit. Controlling O Organizing O Planning
All of the following is related to the planning function of management except: O a. Budgeting O b. None of the given answers O c. Establishing goals O d. Performance reports е. Future oriented
Strategic leadership can also be defined as utilizing strategy in the management of employees. It usually requires the following with the exception of O a. a list of possible risks O b. a vision Oc. a mission O d. a set of goals strategy or plan Oe.
Deciding on a department's goals and how to meet them is known as the management function of controlling. True False
At Dr. Kelly's pediatric practice, employees are committed to the work and have specific ideas about how it should be done. Mary likes to be efficient and finish with patients as quickly as possible. Jennifer believes in giving each parent and child all the time they need to understand a treatment. The planning cycle would help resolve this difference by O using MBO to give each employee their own independent goals determining how to operationalize the vision, mission, and values of the organization O using a group decision-making technique to identify alternatives
Determining an organization's objectives and deciding how to accomplish them is a management function known as: A) Near-shoring B) Staffing C) Crowdsourcing D) Planning. E) Factoring,
Although organizations will have different business strategies, they will generally follow the same organizational structure to effectively execute their strategy. O True O False
As a result of disruptions in an organization, IT may evolve into more of a planning and integration function. A. True B. False
6. Which of the following is not identified as a strategy common to many successful service providers? Close coordination between the marketing and operations a b. The exploitation of information to generate new business A project-oriented organizational structure d. Redirection of the strategic service vision inward to focus on employees
Which of the following is the first step in the planning process? * Analyzing alternatives and making a plan. O Defining the objectives. Implementing the plan and evaluating results. Determining where one stands vis-à- vis objectives.

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