multiple choice questions on strategic planning

Published by on November 13, 2020

© copyright 2003-2020 Study.com. Ackoff defines contingency planning as “the process of planning events when occurrence is uncertain, but assumed in the original plan. —Comment. Answer: (a) Difficulty: (2) Page: 63, Figure 2-, Answer: (c) Difficulty: (2) Page: 63, Figure 2-, Answer: (c) Difficulty: (2) Page: 66, Table 2-, Answer: (False) Difficulty: (2) Page: 45, Figure 2-, Answer: (False) Difficulty: (2) Page: 49, Table 2-, Answer: (False) Difficulty: (2) Page: 65, 66, Table 2-, Answer: (False) Difficulty: (2) Page: 66, 69, Table 2-. discuss how Intel has implemented it. Content Guidelines 2. Q.7. Stars. d. dogs. It was, therefore, a race to see who made it to the market first. and selecting one or more segments to enter. c. product development Such game-plan has no external constraints like the constraints with respect to government control, suppliers and others found with a business firm. 5. marketing mix might be better described as the four Cs. Choose an answer and hit 'next'. a. the Department of Commerce. 3. Ans. A ‘Programmed strategy’, usually made at the stage of first-generation planning, consists of strategies planned and detailed so as to follow it all through the imple­mentation phases and does not take into account the changes in the environmental variables during it. and 4. d. diversification. b). b. geographic organization c. a measure of market attractiveness. a. there are the most customers. An in-built benchmark to compare the actual performance with projections. The objectives and action plans should be established only after careful assessment and prediction of the future states of relevant environmental factors. Q.10. a. stars. The organisation's long-term direction B. a. functional organization. d. development unit. d. within individual business units, marketing designs strategies for reaching the These Strategic Management Multiple Choice Questions can be used for quizzes, internal exams, entrance exams, skill tests or aptitude tests. c. tactical decisions. e). Culture Spark helps leaders build culture as competitive advantage and turns managers into leaders. in the minds of target consumers. An outsider’s perspective is imperative. strategic business units can be evaluated in terms of their: a. marketing strategy. Define a business portfolio. c. product development action programs that answer the following questions: What will be done? A formal strategic planning offers the following advantages: 1. Hello studentsTry this quiz to revise the concepts of Chapter -4 (Planning) of class 12 Business Studies.You will be able to check your answer after submitting.You will get your score after completing entire quiz.You can try this quiz any number of times c. Question marks. A firm having no or very little planning framework pursues this approach, in a specific situation, based on its merits. e). Game theory, being a mathematical technique helpful in planning in situations of conflict, suffers from the fact that the mathematical part is still capable of solving only very elementary games and has failed to construct a total approach towards solution of more than a few ‘games’ of practical value, ‘While still far from being a practical management tool, game theory offers an extremely powerful and useful concept for analysis of strategic problems in which interactions among the competitors has a strong influence on strategy’. Investing the necessary resources in strategic planning upfront can bring peace of mind by providing strategies and skills to help your company reap dividends for years to come. An effective strategic planning system is unique to the corporate environment in which it operates. Entrepreneurs and business owners may think they have a strategic plan in place simply because they have goals and a general idea of how to attain them, but it’s so much more than that, and it is a crucial discipline for leadership teams to adopt if they haven’t already. If a company makes the decision to phase out an SBU and use the resources, Considering the strategies available in the product/market expansion grid, assume that Planning encourages management to think systematically about what has happened, what is happening, and __. of inflation. d. marketing implementation. It will help you accomplish these goals and objectives: 25 chapters | Answer: A. c. product development. a). This multiple-choice quiz is based on the content at Understanding According to the BCG growth-share matrix, which types of SBUs listed below often opportunities. A threat perceived by the leather companies several years ago was VIP briefcases (leather substitute). MCQ on Strategic Human Resource Management with answers. Multiple Choice Questions Chapter 1 - Introduction Strategy. Customer solution consumers. Disney company. near the top after you have clicked on "Done". a. functional activities. accomplish in the larger environment. Cash cows. Be specific in your listing and identifications. Answer: | 1 Be very precise and specific with this, not at all general or generic. For example, I once helped develop a strategic plan for a country club in one of Houston’s wealthiest neighborhoods. Strategic planning is defined as the process of developing and maintaining a strategic fit Many companies operate without formal plans. - Model, Steps & Examples, {{courseNav.course.mDynamicIntFields.lessonCount}}, Bureaucracy: Max Weber's Theory of Impersonal Management, Henri Fayol's Management Principles: Managing Departmental Task Organization, Fayol's Theories on Staff Management and Worker Satisfaction, Mechanistic & Organic Organizational Business Structures, Authority in Centralized & Decentralized Organizations, Types of Traditional Organizational Designs: Simple, Functional & Divisional Designs, Types of Contemporary Organizational Designs: Matrix, Team & Network Designs, Characteristics of Informal Organizations: The Grapevine & Informal Groups, Reengineering Jobs for Continuous Improvement, Total Quality Management (TQM): Definition, Principles & Examples, Implementing Total Quality Management (TQM) in an Organization, Key Deliverables in Project Management: Definition & Steps, Horizontal Integration: Definition, Benefits & Examples, Organizational Design: Theory, Principles & Definition, The Dynamic Business Environment: Homework Help, Homework Help for Social Responsibility and Ethical Behavior in Business, Business in Global Markets: Homework Help, Forms of Business Ownership: Homework Help, Entrepreneurship and Small Business: Homework Help, Managing and Leading in Business: Homework Help, Leadership Styles in Business: Homework Help, Business Production and Operations: Homework Help, Workplace Productivity & Motivation: Homework Help, Managing the Employer-Worker Relationship: Homework Help, Product Development and Retailing: Homework Help, Product Distribution & Supply Chain Management: Homework Help, Pricing Strategy in Marketing: Homework Help, Implications of Information Technology: Homework Help, Money and Financial Institutions: Homework Help, Working Scholars® Bringing Tuition-Free College to the Community, Relationships between objectives and strategic goals, Define terms like strategic planning and situational analysis, Identify the steps for strategic planning, Analyze examples of a strategic planning process.

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