are developed and used to implement strategic plans. Tactical plans. O Visions. O Operational plans. O Missions.
Q: The strategic plan should be updated on a regular basis, but at least ______. Every 5 years…
A: Organizations revise their strategic plan every year.
Q: Why should a mission statement not include monetary amounts, numbers, percentages, ratios, goals, or…
A: A mission statement reflects the purpose of existence of business in terms of its focus and…
Q: List ways to avoid the following reasons for businesses failure; inability to manage growth ,…
A: In some of the business, there can be failures and the reasons of such failures could be weak…
Q: Other than the lack of implementation associated with comprehensive/master Plans, what other two…
A: Comprehensive planning or Master Planning refers to a planning process in which the goals and…
Q: type of people involves and planning tools.
A: My suggestion for his number 2 involves 5 elements: What do you wish to accomplish with your plan…
Q: Strategic Business Units means all department working individual to finalize their own plan Select…
A: True
Q: In Strategic Management, how are pro forma and historical financial statements used in the planning…
A: Strategic management - is the procedure of setting objectives, procedures, & goals in order to…
Q: In which step of the planning process would one know where one is placed in reaching the goals, and…
A: A small quantity of products is a small lot. She remains to her small lots because her products are…
Q: Organizational planning is like charting your company's path on a map. You need to know what…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: .Explain the steps in the planning process in detail.
A: Planning is the process of deciding what to do, how to do and by whom it is to be done to achieve…
Q: nt, plans are only effective if implemented properly. How do organizations perform planning…
A: Planning is the way toward contemplating the exercises needed to accomplish an ideal objective. It…
Q: 1. How do we allocate our resources to get where we want to go? 2. How do we convert our plans into…
A: Resource allocation is the way towards planning accessible resources in the best and conservative…
Q: Business strategy produces long-term plans for the business, taking into consideration plans and…
A: The balanced scorecard model is the method of performance appraisal that helps in measuring or…
Q: The initial step in personal financial planning is a. Setting standards b. Listing liabilities c.…
A: Planning is the method of thinking about the activities needed to achieve the expected goal.…
Q: how can effectively prepare the three operational plans below together with one goal longterm plan…
A: Operational plan/s can be defined as a process of making strategies, keeping in mind the vision,…
Q: “Planning enables a firm to achieve its goals”. By using different company’s example illustrate your…
A: For any business or company planning is the key element for its growth and expansion. Planning helps…
Q: Several research studies have conclusively proven that planning organizations always outperform 1)…
A: PLEASE NOTE THAT AS PER THE POLICY I HAVE DONE THE FIRST THREE SUB-PARTS. PLEASE POST OTHE QUESTIONS…
Q: How to blend the main functions of management to achieve objective?
A: Management Management is the process of Planning, Organizing, Staffing, Directing, and Controlling…
Q: What types of plans and decisions most likely require board of director involvement, and why? What…
A: Introduction: In general, the Board of Directors decisions on behalf of shareholders. Issues and…
Q: You are the CEO of BMW motors. Due to severe competition in other markets, you are in search of a…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: SWOT analysis is usually conducted before strategic goals have been established. Select one: O True…
A: The environment is the internal and external environment where the business performs its operations…
Q: be seen to be the convergence of Corporate Strategic Planning and Business Intelligence (BI). a)…
A: Corporate Strategic Planning and Business Intelligence are merging in Business Performance…
Q: Defining the mission is identified as the first major step in the strategic planning process. Many…
A: The mission statement should be made available to the public because it will help the organization…
Q: Roy, an entrepreneur, has worked for years on developing his business idea and on ensuring a good…
A: The management process is divided into five steps that are planning, organizing, executing,…
Q: n without effective mission and vision Statement... State whether True or False...
A: Features of strategic planning: 1. Strategic planning focuses the organization's resources and…
Q: Critically evaluate the managerial and leadership competencies required to deliver the strategic…
A: Managerial competencies are the abilities, motivations, and attitudes required for a profession, and…
Q: List 10 guidelines for making the strategic-planning process effective. Arrange your guidelines in…
A: Strategic planning is the method of documenting and defining the course of the small company…
Q: Vision – is a more realistic overview of the company’s aim and ambition. Why does the company exist?…
A: Strategic plan is a type of plan in which the manager tells about his vision for the future and set…
Q: trategic management and planning. Discuss briefly why ethical decision-making is essential in…
A: Indicate whether or not the organization where you are employed engages in strategic management and…
Q: The top management develops the following type of plans: Select one: O a. tactical plans O b.…
A: "As per our guidelines we can only answer one question since you have not mentioned which specific…
Q: Who is responsible to prepare the tactical plans? O a. Lower level management O b. Middle level…
A: Tactical plans are the types of plans that involve decision-making regarding the acquisition of…
Q: Why is scenario planning important in business or in the workplace? How is scenario planning…
A: It assists the company in achieving competitive advantage through subsystem is responsible in a…
Q: (( “We sell more cars than the entire competitors put together” is a / an______________. Select one:…
A: For developing business goals and objectives, a mission is a great tool.
Q: What is the difference between the following types of plans based on their breadth: Strategic plans,…
A: The plan is defined as the list of steps that includes the details such as time, resources that are…
Q: Strategic planning is a three-stage process. Which is the second stage: Select one: O a. Performing…
A: Strategic planning: It is a structured process, which helps an organization to set an objective for…
Q: Organizational planning is like charting your company's path on a map. You need to know what…
A: Organizational arranging resembles outlining your organization's way on a guide. You need to…
Q: b. Why in planning a business a strategy is needed in planning from the beginning until the business…
A: b.Planning is one of the important and first functions of management followed by organising,…
Q: Organizational planning is like charting your company’s path on a map. You need to know what…
A: In any company, management ensures process and workforce efficiency and effectiveness in order to…
Q: Different types of Organizational Plans? (Briefly describe each plan.) b. How Organizations develop…
A: Planning is a function of management used in all companies and organizations . Planning…
Q: which one is correct please confirm? QUESTION 11 In considering financial planning, the type…
A: Sol : The correct option is (a) Strategic. In considering financial planning, the type of planning…
Q: Shield is one of the top companies that deal with security and protection. With well trained and…
A: The strategy is the set of different activities that helps to achieve the organizational goal.
Q: Top-down and bottom-up planning approaches are considered as project-based planning while innovative…
A: Introduction: Planning is the deliberate and systematic process of deciding on future goals and…
Q: How can SWOT analysis be used in the planning process for a new company
A: SWOT analysis : This is a planning methodology which helps organisations to build strategic plans .…
Q: Planning 1. Explain the objectives of planning. Why are they necessary? 2. Distinguishes the various…
A: 1. Planning can be broadly defined as setting an objective for a particular time period through the…
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- Subject: Strategic management MCQ's Which of the following is NOT true of vision statements? a) A vision statement should reveal the type of business the firm engages. b) Vision statements should be written from a customer perspective. c) Vision statements should indicate the expected amounts of profits the firm wants to make. d) A vision statement should describe a desired future state. e) "The vision statement needs to be doable, but challenging."Managerial Accounting Contrastedto Financial AccountingManagerial accounting supports the internal planning (future-oriented) decisionsmade by management. Financial accounting has more of a scorekeeping, historicalorientation, although data produced by the financial accounting process form some ofthe foundation on which plans are based. Planning is a key part of the managementLO 1Explain the management planning andcontrol cycle.1. What does it mean to state that there are different costs for different purposes? QWhat DoesIt Mean?A n s w e r o np a g e 4 8 6mar2529X_ch12_458-503.indd 459 26/11/12 2:05 PM460 Part 2 Managerial Accountingprocess; and although there are many descriptions of that process, a generally acceptable definition would include reference to the process of planning, organizing,and controlling an entity’s activities so that the organization can achieve its desiredoutcomes. A general model of the process looks like this:Implement PlansDecision Making Decision…The Deferred Revenue account is shown in which statement? Multiple Choice 1.Balance sheet 2. Statement of stockholders' equity 3.Income statement 4.Statement of cash flows Don't use chatgpt,I will 5 upvotes
- Mangement Effective planning requires careful consideration of various factors such as available resources, potential risks, and stakeholders' needs. It involves analyzing the current situation, forecasting future trends, and developing strategies to navigate uncertainties. Additionally, communication plays a vital role in planning, as it ensures that all team members are aligned with the objectives and understand their roles and responsibilities. Moreover, flexibility is essential in planning, as circumstances may change, requiring adjustments to the original plan while still maintaining the focus on achieving the desired outcomes. Question: How can stakeholders' needs be integrated into the planning process to ensure successful outcomes?Operational plans are shorter-term plans for implementing specific aspects of the company's strategic plans. Select one: True FalseManagement Effective planning is the compass that navigates the course of success in any endeavor. It's the meticulous process of outlining objectives, envisioning strategies, and organizing resources to achieve a desired outcome. Whether in personal aspirations or professional pursuits, a well-crafted plan serves as a roadmap, providing direction, structure, and clarity amidst uncertainty. It involves assessing risks, anticipating challenges, and devising contingencies to adapt to unforeseen circumstances. Ultimately, planning isn't just about setting goals, it's about orchestrating the steps needed to turn those goals into reality. How do you prioritize tasks when planning to ensure that the most important ones get the attention they deserve?
- which one is correct please confirm? QUESTION 11 In considering financial planning, the type of planning that focuses more on the overall direction of the business and the industry is _______. a. strategic b. deterministic c. operational d. probabilisticThis strategy evaluation and control technique contains a carefully chosen combination of strategic and financial objectives tailored to the company’s business. Its overall aim is to balance shareholders’ objectives with customer and operational objectives. a. SWOT Analysis b. Balanced Scorecard c. Quantitative Strategic Planning Matrix d. Internal-External (IE) MatrixPlanning is the foundational cornerstone of success in virtually every endeavor. Whether in personal life, business, or governance, the ability to anticipate, strategize, and organize is paramount. At its core, planning involves setting objectives, identifying the resources required, devising a timeline, and establishing benchmarks for progress. It's a dynamic process that necessitates flexibility and adaptability, as unforeseen challenges often arise. Effective planning not only mitigates risks but also maximizes opportunities, enabling individuals and organizations to navigate complexities with clarity and purpose Question: How does effective planning contribute to risk mitigation and opportunity maximization in business operations?
- Mangement questions Planning is an essential process that guides individuals, organizations, and societies in achieving their goals and objectives effectively. It involves a systematic approach to identifying objectives, evaluating various courses of action, and determining the most suitable means to accomplish those goals. Whether it's personal goal setting, business strategies, urban development projects, or government policies, planning provides a roadmap for decision-making and resource allocation. Effective planning considers factors such as available resources, timelines, potential risks, and stakeholders' interests to develop realistic and achievable plans. It helps in optimizing resource utilization, minimizing uncertainties, and adapting to changing circumstances. Furthermore, planning fosters coordination and collaboration among stakeholders, ensuring that everyone is aligned towards common objectives. However, planning is not without its challenges. It requires accurate…First-line managers focus on planning, applying plans to daily, weekly, and monthly operations. a) tactical b) contingency ) C) strategic d) industry-widelBased on what is ideal such as from books, literatures, published articles, and from the principles of our module, evaluate which of the following statements are correct? Statement 1: The vision, mission and goals (VMGs) of the firm are intended for display and brand imaging while on the other hand, the planning phase reflects the current aspiration of the executives. Statement 2: When executives direct a decentralized firm, they keep the plans only for themselves and share only to those whom they like. Statement 3: Employees are generally intrinsically motivated therefore there is no need to establish programs for appreciations, rewards and merits. Statement 4: Controlling is ensuring that unlikeable employees will not partake in the activities and functions of the firm. Statement 5: Decision-making are only for executives and other stakeholders may not necessarily participate or to be considered in a decentralized firm. a. All b. 1, 2 and 3 c. 2, 3 and 4 d. 3, 4 and 5 e. 1, 3 and 5…