Exam 5: Planning and Goal Setting

With a __________ strategy, the organization aggressively seeks efficient facilities, cuts costs, and uses tight cost controls to produce products more efficiently than competitors.

(Short Answer)

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Question 21

How do planners get information about opportunities and threats?

(Multiple Choice)

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Question 22

__________ is a system whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance.

(Short Answer)

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Question 23

Goals that are so big, inspiring, and outside the prevailing paradigm that they hit people in the gut and shift their thinking are called ______ goals.

(Multiple Choice)

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Question 24

Operational plans and goals focus on the outcomes that major divisions and departments must achieve in order for the organization to reach its overall goals.

(True/False)

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Question 25

Goals are most effective when they are specific, measurable, challenging, and linked to rewards.

(True/False)

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Question 26

Which of the following is a commonly cited limitation of planning?

(Multiple Choice)

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Question 27

Federated Corporation holds a diverse portfolio of business interests including several dogs.What does having dogs mean for Federated's strategies?

(Multiple Choice)

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Question 28

Darren set goals for each of his employees.Each employee was assigned goals for virtually every aspect of their behavior at work.This is inconsistent with the idea that goals should ______.

(Multiple Choice)

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Question 29

Front-line managers have the final responsibility for strategic planning.

(True/False)

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Question 30

If Renee, manager at Leak-Free Roofing, wanted to develop a contingency plan for Leak-Free, she would need to look at factors such as new equipment, the economy, and the company workers' compensation cases.

(True/False)

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Question 31

A blueprint specifying the resource allocations schedules and other actions necessary for attaining goals is referred to as a(n) _____.

(Multiple Choice)

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Question 32

Cost leadership is a type of competitive strategy through which an organization seeks to distinguish itself from competitors based on products and services.

(True/False)

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Question 33

Briefly discuss Porter's competitive strategies.

(Essay)

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Question 34

Define operational goals.

(Short Answer)

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Question 35

The Boston Consulting Group (BCG) matrix organizes businesses along two dimensions: their business growth rate and their geographical location.

(True/False)

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Question 36

__________ involves looking at current trends and discontinuities and visualizing future possibilities.

(Short Answer)

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Question 37

Briefly describe scenario building.

(Essay)

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Question 38

Which of the following is true about the BCG matrix cash cow?

(Multiple Choice)

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Question 39

Which of the following is NOT one of the benefits of management by objectives (MBO)?

(Multiple Choice)

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Question 40

Showing 21 - 40 of 99

With a __________ strategy, the organization aggressively seeks efficient facilities, cuts costs, and uses tight cost controls to produce products more efficiently than competitors.

How do planners get information about opportunities and threats?

__________ is a system whereby managers and employees define goals for every department, project, and person and use them to monitor subsequent performance.

Goals that are so big, inspiring, and outside the prevailing paradigm that they hit people in the gut and shift their thinking are called ______ goals.

Operational plans and goals focus on the outcomes that major divisions and departments must achieve in order for the organization to reach its overall goals.

Goals are most effective when they are specific, measurable, challenging, and linked to rewards.

Which of the following is a commonly cited limitation of planning?

Federated Corporation holds a diverse portfolio of business interests including several dogs.What does having dogs mean for Federated's strategies?

Darren set goals for each of his employees.Each employee was assigned goals for virtually every aspect of their behavior at work.This is inconsistent with the idea that goals should ______.

Front-line managers have the final responsibility for strategic planning.

If Renee, manager at Leak-Free Roofing, wanted to develop a contingency plan for Leak-Free, she would need to look at factors such as new equipment, the economy, and the company workers' compensation cases.

A blueprint specifying the resource allocations schedules and other actions necessary for attaining goals is referred to as a(n) _____.

Cost leadership is a type of competitive strategy through which an organization seeks to distinguish itself from competitors based on products and services.

Briefly discuss Porter's competitive strategies.

Define operational goals.

The Boston Consulting Group (BCG) matrix organizes businesses along two dimensions: their business growth rate and their geographical location.

__________ involves looking at current trends and discontinuities and visualizing future possibilities.

Briefly describe scenario building.

Which of the following is true about the BCG matrix cash cow?

Which of the following is NOT one of the benefits of management by objectives (MBO)?

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