Step in planning that involves the formulation of assumption on what is happening in the environment. a. Developing Premises b. Being Aware on opportunities and strengths c. Determining Course of Actions d. Establishing objectives and goals
Q: After implementing a plan and giving his sales staff specific sales targets to achieve each month,…
A: The correct option is option a. Provides direction
Q: A strategy is A. the purpose for which an organization is established. B. a functional area of…
A: For every organization, the formulation of strategy is an integral part of achieving long term…
Q: Developing a purpose statement is the sole responsibility of middle management. True False…
A: In an organization, there are different roles and responsibilities based on the degree of skills and…
Q: 20-An information system is designed specifically to implement an organizational strategy meant to…
A: The strategy is the set of different activities that helps to achieve the organizational goal.
Q: You are creating or operating your own business (manufacturing, service company). According to what…
A: The service company I owned is : Company name: ARMAN SECURITIES PRIVATE LIMITED Tagline: “Power In…
Q: All of the following are characteristic of a formal promotion process EXCEPT A) Open positions are…
A: option "E" is correct.(Promotions are based on unpublished requirements)
Q: Mbambo Denk Tjiueza Corporation wants to start their own business and they are in a hurry. They have…
A: Marketing is the practice of exchange of the value between customers and company. It includes…
Q: I've created a new team and made sure that each member knows who they will be reporting to as well…
A: Organizing is simply a process of grouping the task, authority distribution, and allocating…
Q: True or False Operational plans are plans that outline alternative courses of action that may be…
A: Business management is the process of coordinating and organizing the activities of the business to…
Q: The business philosophy incorporating the marketing concept where the focus is on satisfying the…
A: * Option A , Consumer orientation .
Q: Provide recommendations to be incorporated in your current planning to assist in the immediate…
A: Hospitality and tourism both are part of an enormous and unified industry which comprise of both the…
Q: 1. Define cost analysis using a course resource. 1. Describe two types of cost estimates that can be…
A: Cost the board is in every case high on the plan, and ACT groups might handle a wide scope of issues…
Q: Write a business plan a) mention the kind of business u are into. b)how do u make this business…
A: A business plan can be referred to as a blueprint of a business. The details regarding the core…
Q: What are the activities that shall be done where the engineering supervisor was given a task by an…
A: Organizations conduct induction programs for onboarding new hires in the organization and to…
Q: Operational plans are shorter-term plans for implementing specific aspects of the company's…
A: The mission of an organization is the starting point for strategic planning. A strategy outlines the…
Q: When considering the new-product development process, which of the following statements is true of…
A: Option A
Q: How does a feasibility report differ from a justification report. 2. What is problem factoring.
A: Introduction: A feasibility report can be defined as the document which helps in assessing the…
Q: When all the elements of the promotions mix are selected and put into the marketing plan it is…
A: Marketing involves promotion that has the function of creating awareness about a product/service and…
Q: Why is planning important to the organization?. a. Planning controls the external factors b.…
A: Planning is a management function that helps in deciding the sequence of activities for achieving…
Q: a. Planning provides directions. b. Planning is a mental exercise. c. Planning reduces overlapping…
A: The process of thinking about the activities needed to achieve the desired objective is known as…
Q: Planning function will provide the following EXCEPT O a. Planning provides list of programs O b.…
A: Find the answer below The correct answer is b. Planning ensures that the company will not experience…
Q: During planning, future dimension refers to Select one: a. The goals that must be accomplished in…
A: Planning is a future-oriented process. Planning is the process of forecasting and predicting the…
Q: Below are the 5 factors do we need to consider in order to choose the right form for our business.…
A: Transferability: It means whether the business can be transferred to the next generation or not. It…
Q: The ________ is the last section of the marketing plan. It spells out the goals and budget for each…
A: The initial sections of marketing plan are executive summary, situation analysis, objectives, and…
Q: Which of the following is NOT one of the four main considerations for marketing contingency…
A: A Marketing Contingency Plan implies that all undertakings are recorded and all partners considered…
Q: Choose the top three factors of a PESTEL analysis (Political, Economic, Technology, Social,…
A: Macro environmental factors are those which impacts the business but indirectly. They are not in…
Q: 18- _________________decisional role covers the manager’s responsibility of fixing problems in the…
A: Decisional roles are the responsibilities and duties that are expected to be performed by the…
Q: When using the three-step writing process, how much of the available writing time should be set…
A: Planning can be explained as a function of management that helps the individual or organization to…
Q: Among the various objectives and benefits of such things as Business Analytics, Business…
A: Business analytics refers to the technologies, talent and practices for repetitive and investigation…
Q: All of the following statements are requirements for the process of making ethical decisions, except…
A: The process of compettition taking quick decisions without bieng concerned about the norms is an…
Q: Heather is looking for a summary of her customers' open balances. Under which report category…
A: Heather is looking for a summary of her customers' open balances. Under which report category…
Q: Services are intangible whereas goods are tangible. 2. Goods can be produced according to…
A: Service does not consist of any product to sale it involve skill , intelligence , expertise…
Q: A 10% annual increase in sales, remaining the market share leader, and obtaining a 7% growth in new…
A: The marketing strategy is the long term plan of the marketing department which are based on the…
Q: 1-customer demand to license the company software has boomed 2-company growth has been so swift and…
A: Organizing can be explained as the function of management that is used for arranging all the…
Q: 15
A: Setting some standards or procedures in the decision making process, is placing a significant role…
Q: A well-conceived mission statement defines the specific and challenging purpose that sets a company…
A: Mission Statement : A mission statement is a precise statement where the company lays down its…
Q: Which of the following is an incorrect statement describing Whistle blowing? a. Holding a press…
A: Whistle blowing is the act of intimating the wrong doings happening in the organization. Usually,…
Q: 2. As a part of the planning process, auditors develop an audit strategy, an audit plan, and a time…
A: a. An audit strategy helps to set the scope, direction as well as the time of the audit. The nature…
Q: ______________ is the whole system of supervision and control measures implemented internally by the…
A: Internal Control is the whole system of supervision and control measures implementedinternally by…
Q: Explain the foundations of planning to ensure that your plans are well implemented to achieve the…
A: Strategy implementation is the method of turning plans into action to achieve the desired outcome.…
Q: Effective recruitment and selection are the pre-conditions for achieving higher employee’s…
A: Human Resource Management is a strategic management function concerned with recruitment and…
Q: Planning is no guarantee of success of a business enterprise”. Discuss any two limitations of…
A: Concept Introduction : Planning is an important management function, planning helps an organization…
Q: Be succinct—but still thorough—when you explain theaction plan. What are the steps involved? This is…
A: Action Plan The Action Plan is a set of activities that organizations need to perform to ensure…
Q: The management team in a customer oriented firm should
A: It is extremely important for the management of an organisation to give constant feedback to the…
Q: In creating business plan, which is the more important– form or substance
A: In creating business plan the substance is the more important. The details are discussed as follows-
Q: Which of the following are not the safeguards to offset the threats To Fundamental Principles? a)…
A: Safeguards to offset the threats To Fundamental Principles by the profession, legislation or…
Q: According to the production concept, a company should focus more on
A: Option D) According to the production concept, a company should focus more on Producing products in…
Q: Which of the following is the first step in the planning process? * Analyzing alternatives and…
A: The first step in planning process:
Q: When the customer is objecting on the price of the product, the best way to counter attack such…
A: Customer is everything. If they do not get what they want. they might leave unsatisfied and no…
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- 1.The description of how different levels and employees in the organization must perform for the organization to achieve its goals is a:A)business-level strategy.B)business model.C)mission statement.D)balanced scorecard.E)None of the above. 2.Which of the following statements regarding multiple measures or a single measure of performance is not correct?A)The advantage of using branch profits to evaluate branch mangers is that profit is relatively simple to compute and reflects the organization's ultimate goal.B)The use of multiple measures can influence branch managers' decisions by changing the components of the performance measurement system to reflect changes in the firm's strategy.C)If the branch managers are more knowledgeable than the corporate staff about local conditions and what local clients value, a single measure could be preferable.D)If the corporate office has better knowledge of what it requires to operate a profitable branch, using multiple measures provides a way to…Management 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?4- Identify the one that is basis of planning. a. Purpose b. Mission c. Vision d. Management
- 17- Which statement is not true regarding planning? a. Plan is always prepared only by the top level managers b. All managers continuously make plans c. Planning is the primary function of management d. Failing to plan is planning to failManagerial 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…One illustrative example of effective planning in a business context is the development and execution of a marketing campaign for a new product launch. In this case study, meticulous planning played a central role in ensuring the campaign's success. The planning process encompassed market research to identify target demographics, competitor analysis to understand the competitive landscape, and setting specific and measurable objectives. The strategic planning phase involved crafting a compelling value proposition, selecting appropriate channels for promotion, and allocating resources efficiently. Moreover, the tactical planning aspect addressed the day-to-day execution details, including content creation, budget allocation, and timeline management. The synchronization of short-term tactical plans with the overarching long-term marketing strategy was crucial for maintaining consistency and maximizing impact. By continually reassessing performance metrics and adapting strategies based…
- 11. If an IS organization is viewed as a cost center/service provider, its strategic planning process is typically directed inward and focused on determining how to do what it is currently doing but doing it cheaper, faster, and better. a. True b. False 14 The strategic plan of an information system (IS) must identify those technologies, vendors, competencies, people, systems, and projects in which an organization will invest to support the corporate and business unit strategies. a. True b. False 16. The release of a new and more powerful mobile computing device or data-crunching software package can influence the strategic plan of an information system. a. True b. FalseMangement 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…Effective planning is like a compass that guides individuals and organizations through the complexities of their pursuits. It involves a systematic approach to defining objectives, outlining strategies, and determining the necessary actions to achieve success. A key aspect of planning is the identification and allocation of resources, ensuring that time, money, and manpower are utilized optimally. Additionally, planning involves risk assessment, enabling proactive measures to mitigate potential obstacles that may arise along the way. It's a dynamic process that requires regular evaluation and adjustment as circumstances evolve. Ultimately, a well-crafted plan serves as a blueprint for efficiency and productivity, facilitating the journey towards desired outcomes. Question: How do you prioritize goals within your planning process to maintain focus and allocate resources effectively?
- Direction: Read and understand each question. Write True if the statement is correct, while False if the statement is incorrect. __________1. When sales exceed the cost to produce goods its result is called forecasting. __________2. Forecasting is a planning tool that helps the entrepreneur cope with uncertainties in his future operation. __________3. Costs incurred through payment of utilities such as water and electricity are called operating expenses. __________4. Mang Selo is a fruit vendor. Selling fruits is an example of a service concern business. __________5. Loss is a result when cost to produce goods is greater than the sales.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. probabilisticFirst-line managers focus on planning, applying plans to daily, weekly, and monthly operations. a) tactical b) contingency ) C) strategic d) industry-widel