Question 1

Define contingency planning.

Accepted Answer

Contingency planning identifies important factors in the environment and defines a range of alternative responses to be taken in the case of emergencies, setbacks, or unexpected conditions.

Question 2

About half of executives whose companies have no formal strategic planning process say they are dissatisfied with the company's development strategy.

Accepted Answer

A) True 
 B)False  True

Question 3

Consider Porter's competitive strategies.Which strategy is most likely to include measuring the cost of providing a product or service and the cost of maintaining customer loyalty?

Accepted Answer

A) Cost leadership 
B) Differentiation 
C) Focused differentiation 
D) Internal growth 
E) Focused cost leadership 
A) Cost leadership 
B) Differentiation 
C) Focused differentiation 
D) Internal growth 
E) Focused cost leadership E

Question 4

In the BCG matrix, the dog has __________ market share and __________ business growth rate.

Accepted Answer

The answer of In the BCG matrix, the dog has...

Question 5

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

Accepted Answer

A) Executing 
B) Analyzing 
C) Controlling 
D) Planning 
E) Leading 
A) Executing 
B) Analyzing 
C) Controlling 
D) Planning 
E) Leading

Question 6

The two stages of crisis planning are crisis prevention and crisis preparation.

Accepted Answer

A) True 
 B)False

Question 7

List the four major activities that must occur in order for MBO to succeed.

Accepted Answer

1.Set goals
2.Dev

Question 8

Define key performance indicators.

Accepted Answer

Key performance indicators (KP

Question 9

A __________ is a blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals.

Accepted Answer

The answer of A __________ is a blueprint specifying the...

Question 10

The ultimate impact of goals depends on _____.

Accepted Answer

A) the extent to which goal achievement is tied to meaningful rewards 
B) whether employees regard them as reasonable 
C) the extent to which they inspire employees 
D) the degree of management buy-in 
E) whether or not employees had a voice in the formulation of the goals 
A) the extent to which goal achievement is tied to meaningful rewards 
B) whether employees regard them as reasonable 
C) the extent to which they inspire employees 
D) the degree of management buy-in 
E) whether or not employees had a voice in the formulation of the goals

Question 11

Executives acquire information about external opportunities and strengths from a variety of reports, including budgets, financial ratios, profit and loss statements, and surveys of employee attitudes and satisfaction.

Accepted Answer

A) True 
 B)False

Question 12

Measures that reflect how well lower-level goals help the organization progress toward attaining its strategic goal are called ______.

Accepted Answer

A) key performance indicators 
B) objective indicators 
C) outcomes 
D) critical assessments 
E) behavioral indicators 
A) key performance indicators 
B) objective indicators 
C) outcomes 
D) critical assessments 
E) behavioral indicators

Question 13

To develop _____ plans, managers identify important factors in the environment, such as possible economic downturns, declining markets, increases in cost of supplies, new technological developments, or safety accidents.

Accepted Answer

A) emergency 
B) risk 
C) scenario 
D) contingency 
E) obsolescence 
A) emergency 
B) risk 
C) scenario 
D) contingency 
E) obsolescence

Question 14

In today's business environment, it is expected that CEOs will do the large majority of their corporation's strategic planning.

Accepted Answer

A) True 
 B)False

Question 15

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

Accepted Answer

A) True 
 B)False

Question 16

Goals that define the outcomes that major departments must achieve in order for the organization to reach its overall goals are known as __________ goals.

Accepted Answer

The answer of Goals that define the outcomes that major...

Question 17

Reasonable yet highly ambitious and compelling goals that energize people and inspire excellence are called ______ goals.

Accepted Answer

A) aspirational 
B) acceptable 
C) visionary 
D) stretch 
E) motivational 
A) aspirational 
B) acceptable 
C) visionary 
D) stretch 
E) motivational

Question 18

Describe the issues that are addressed in the crisis prevention stage of crisis planning.

Accepted Answer

The crisis prevention stage involves act

Question 19

Meadow Branch Corporation leadership believes that when managers pursue their activities in the right way, positive outcomes will result.Their approach is best described as management by ______.

Accepted Answer

A) indicator 
B) objectives 
C) means 
D) outcome 
E) goal 
A) indicator 
B) objectives 
C) means 
D) outcome 
E) goal

Question 20

In decentralized planning, planning experts work with line managers and even line staff to develop plans.

Accepted Answer

A) True 
 B)False

Define contingency planning.

About half of executives whose companies have no formal strategic planning process say they are dissatisfied with the company's development strategy.

Consider Porter's competitive strategies.Which strategy is most likely to include measuring the cost of providing a product or service and the cost of maintaining customer loyalty?

In the BCG matrix, the dog has market share and business growth rate.

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

The two stages of crisis planning are crisis prevention and crisis preparation.

List the four major activities that must occur in order for MBO to succeed.

Define key performance indicators.

A __________ is a blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals.

The ultimate impact of goals depends on _____.

Executives acquire information about external opportunities and strengths from a variety of reports, including budgets, financial ratios, profit and loss statements, and surveys of employee attitudes and satisfaction.

Measures that reflect how well lower-level goals help the organization progress toward attaining its strategic goal are called ______.

To develop _____ plans, managers identify important factors in the environment, such as possible economic downturns, declining markets, increases in cost of supplies, new technological developments, or safety accidents.

In today's business environment, it is expected that CEOs will do the large majority of their corporation's strategic planning.

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

Goals that define the outcomes that major departments must achieve in order for the organization to reach its overall goals are known as __________ goals.

Reasonable yet highly ambitious and compelling goals that energize people and inspire excellence are called ______ goals.

Describe the issues that are addressed in the crisis prevention stage of crisis planning.

Meadow Branch Corporation leadership believes that when managers pursue their activities in the right way, positive outcomes will result.Their approach is best described as management by ______.

In decentralized planning, planning experts work with line managers and even line staff to develop plans.

The World of Innovative Management

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Talent and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

Exam 5: Planning and Goal Setting

Define contingency planning.

About half of executives whose companies have no formal strategic planning process say they are dissatisfied with the company's development strategy.

Consider Porter's competitive strategies.Which strategy is most likely to include measuring the cost of providing a product or service and the cost of maintaining customer loyalty?

In the BCG matrix, the dog has __________ market share and __________ business growth rate.

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

The two stages of crisis planning are crisis prevention and crisis preparation.

List the four major activities that must occur in order for MBO to succeed.

Define key performance indicators.

A __________ is a blueprint specifying the resource allocations, schedules, and other actions necessary for attaining goals.

The ultimate impact of goals depends on _____.

Executives acquire information about external opportunities and strengths from a variety of reports, including budgets, financial ratios, profit and loss statements, and surveys of employee attitudes and satisfaction.

Measures that reflect how well lower-level goals help the organization progress toward attaining its strategic goal are called ______.

To develop _____ plans, managers identify important factors in the environment, such as possible economic downturns, declining markets, increases in cost of supplies, new technological developments, or safety accidents.

In today's business environment, it is expected that CEOs will do the large majority of their corporation's strategic planning.

Research has shown that strategic thinking and planning positively affect a firm's performance and financial success.

Goals that define the outcomes that major departments must achieve in order for the organization to reach its overall goals are known as __________ goals.

Reasonable yet highly ambitious and compelling goals that energize people and inspire excellence are called ______ goals.

Describe the issues that are addressed in the crisis prevention stage of crisis planning.

Meadow Branch Corporation leadership believes that when managers pursue their activities in the right way, positive outcomes will result.Their approach is best described as management by ______.

In decentralized planning, planning experts work with line managers and even line staff to develop plans.

The World of Innovative Management

The Environment and Corporate Culture

Managing in a Global Environment

Managing Ethics and Social Responsibility

Managerial Decision Making

Designing Organization Structure

Managing Change and Innovation

Managing Human Talent and Diversity

Understanding Individual Behavior

Leadership

Motivating Employees

Managing Communication

Leading Teams

Managing Quality and Performance

Filters

In the BCG matrix, the dog has market share and business growth rate.