Q1: Describe planning as a five-step process (with examples) Q2: Explain how managers use planning techniques to evaluate the opportunities and threats in the organization’s environment and formulate strategy.  Q3: Differentiate among corporate-level, business-level, and functional-level strategies. Q4: Differentiate between programmed and nonprogrammed decisions, and explain why nonprogrammed decision making is a complex, uncertain process.

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
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Q1: Describe planning as a five-step process (with examples)
Q2: Explain how managers use planning techniques to evaluate the opportunities and threats in the organization’s environment and formulate strategy. 
Q3: Differentiate among corporate-level, business-level, and functional-level strategies.
Q4: Differentiate between programmed and nonprogrammed decisions, and explain why
nonprogrammed decision making is a complex, uncertain process. 

 

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