Question 1

Of the strategic management functions, which is considered the most fundamental?

Accepted Answer

A)   Executing
B)   Analyzing
C)   Controlling
D)   Planning
E)   LeadingF) A) and B)
G) B) and E)

Question 2

_____ involves looking at trends and discontinuities and imagining possible alternative future to build a framework within which unexpected future events can be managed.

Accepted Answer

A)   Scenario building
B)   Crisis planning
C)   Contingency planning
D)   Trend management
E)   Caution planningF) B) and E)
G) None of the above

Question 3

Tactical goals are specific, measurable results expected from departments, work groups, and individuals within the organization.

Accepted Answer

A) True 
 B)False

Question 4

Which of these is lacking in the goal "profits should be increased in the coming year?"

Accepted Answer

A)   Specific and measurable
B)   Challenging but realistic
C)   Covers key result areas
D)   Defined time period
E)   None of theseF) A) and C)
G) All of the above

Question 5

Traditionally, if Stephanie, CEO of Butterfly Pillows, needed to conduct corporate planning, it would be performed by all of the following except:

Accepted Answer

A)   central planning departments.
B)   decentralized planning groups.
C)   top executives.
D)   consulting groups.
E)   the president of the company.F) A) and B)
G) D) and E)

Question 6

The goals that an organization chooses to adopt are defined by an individual or group. Different individuals have different ideas about which goals are important to pursue. In your judgment, what factor(s) should determine the priority of organizational goals? What types of goals should every organization have? Think of what goals would be important to an educational tutoring company, a Starbucks location, and a fitness center. List the goals in the order of importance and explain why each set of goals is important for the respective company. Write your conclusions in a short essay.

Accepted Answer

Goals are determined by the organization...

Exam 7: Managerial Planning and Goal Setting

Tactical goals are specific, measurable results expected from departments, work groups, and individuals within the organization.

Correct Answer
verified

Which of these is lacking in the goal "profits should be increased in the coming year?"

Correct Answer
verified

Traditionally, if Stephanie, CEO of Butterfly Pillows, needed to conduct corporate planning, it would be performed by all of the following except:

Correct Answer
verified

Correct Answer
verified
Goals are determined by the organization...
View Answer

_____ involves looking at trends and discontinuities and imagining possible alternative future to build a framework within which unexpected future events can be managed.

Correct Answer
verified

Of the strategic management functions, which is considered the most fundamental?

Correct Answer
verified

Exam 7: Managerial Planning and Goal Setting

Tactical goals are specific, measurable results expected from departments, work groups, and individuals within the organization.

Correct AnswerverifiedShow Answer

Which of these is lacking in the goal "profits should be increased in the coming year?"

Correct AnswerverifiedShow Answer

Traditionally, if Stephanie, CEO of Butterfly Pillows, needed to conduct corporate planning, it would be performed by all of the following except:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedGoals are determined by the organization...View AnswerShow Answer

_____ involves looking at trends and discontinuities and imagining possible alternative future to build a framework within which unexpected future events can be managed.

Correct AnswerverifiedShow Answer

Of the strategic management functions, which is considered the most fundamental?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Goals are determined by the organization...
View Answer

Correct Answer
verified

Correct Answer
verified