Question 1

Organisations that do not formally plan may be more likely to have _________.

Accepted Answer

A) multiple departments performing the same task 
B) a single department carrying out all company functions 
C) a strong sense of direction 
D) legal problems 
A) multiple departments performing the same task 
B) a single department carrying out all company functions 
C) a strong sense of direction 
D) legal problems

Question 2

The most drastic renewal strategy an organisation can carry out is a retrenchment strategy.

Accepted Answer

A) True 
 B)False

Question 3

List and briefly describe the three strategic options involved in a corporate strategy

Accepted Answer

Growth, which aims to expand the number

Question 4

Which of the following is an example of a strategic goal for the New Zealand All-Blacks Rugby Union Team?

Accepted Answer

A) To increase television revenues over the next five years 
B) To average over 30 wins a year for the next five years 
C) To decrease payroll by five million over the next two years 
D) To increase attendance by five per cent over the next three years 
A) To increase television revenues over the next five years 
B) To average over 30 wins a year for the next five years 
C) To decrease payroll by five million over the next two years 
D) To increase attendance by five per cent over the next three years

Question 5

A major argument in support of formal plans is that they can replace intuition and creativity.

Accepted Answer

A) True 
 B)False

Question 6

A politician whose ultimate goal is to get elected is planning campaign ads for TV.In planning the ads, the politician is functioning at a _________ level.

Accepted Answer

A) strategic 
B) tactical 
C) directional 
D) long-term 
A) strategic 
B) tactical 
C) directional 
D) long-term

Question 7

Troubled companies seek _________ to address serious problems.

Accepted Answer

A) corporate strategies 
B) competitive strategies 
C) vertical and horizontal strategies 
D) renewal strategies 
A) corporate strategies 
B) competitive strategies 
C) vertical and horizontal strategies 
D) renewal strategies

Question 8

Which term is synonymous with goals? In reality, all organisations have _________.

Accepted Answer

A) Plans 
B) Qualities 
C) Strategies 
D) Objectives 
A) Plans 
B) Qualities 
C) Strategies 
D) Objectives

Question 9

Managers can often point to environmental factors when explaining how their formal plan did not lead to better organisational performance.

Accepted Answer

A) True 
 B)False

Question 10

Which statement is consistent with the research on planning in organisations?

Accepted Answer

A) Evidence generally supports the position that organisations should have formal plans. 
B) Evidence suggests that informal plans are more advantageous to an organisation than formal plans. 
C) Evidence indicates that formal planning has a negative impact on an organisation's financial results. 
D) Evidence is inconclusive about the effectiveness of planning on an organisation. 
A) Evidence generally supports the position that organisations should have formal plans. 
B) Evidence suggests that informal plans are more advantageous to an organisation than formal plans. 
C) Evidence indicates that formal planning has a negative impact on an organisation's financial results. 
D) Evidence is inconclusive about the effectiveness of planning on an organisation.

Question 11

A cost leadership competitive strategy focuses on which of the following?

Accepted Answer

A) Innovation 
B) Luxury 
C) Elegant design 
D) Lowest prices 
A) Innovation 
B) Luxury 
C) Elegant design 
D) Lowest prices

Question 12

Successful planning depends more on what managers plan than the quality of their planning.

Accepted Answer

A) True 
 B)False

Question 13

Growth strategies include _________.

Accepted Answer

A) integration, allocation, horizontal diversification and vertical diversification 
B) diversification, concentration, integration and stabilisation 
C) vertical integration, horizontal integration, lateral integration and horizontal concentration 
D) vertical integration, horizontal integration, concentration and diversification 
A) integration, allocation, horizontal diversification and vertical diversification 
B) diversification, concentration, integration and stabilisation 
C) vertical integration, horizontal integration, lateral integration and horizontal concentration 
D) vertical integration, horizontal integration, concentration and diversification

Question 14

Which of the following is a criticism of planning discussed in the textbook?

Accepted Answer

A) It stimulates change 
B) It encourages managers to focus on future survival 
C) It creates rigidity 
D) It enhances intuition and creativity 
A) It stimulates change 
B) It encourages managers to focus on future survival 
C) It creates rigidity 
D) It enhances intuition and creativity

Question 15

Compare and contrast specific plans and directional plans.

Accepted Answer

Directional plans are flexible plans tha

Question 16

Two companies that both sell surfing gear combine.What are they doing?

Accepted Answer

A) Backward vertical integration, because they are sharing distribution 
B) Diversifying, because they both sell the same products 
C) Integrating vertically, because they both sell the same products 
D) Integrating horizontally, because they both sell similar products 
A) Backward vertical integration, because they are sharing distribution 
B) Diversifying, because they both sell the same products 
C) Integrating vertically, because they both sell the same products 
D) Integrating horizontally, because they both sell similar products

Question 17

A focus strategy seeks to appeal to a narrow segment of a market.

Accepted Answer

A) True 
 B)False

Question 18

What is management by objectives (MBO)?

Accepted Answer

Management by objectives (MBO) is a proc

Question 19

An egg-producing company decided to expand and open its own retail outlets.This is an example of _________.

Accepted Answer

A) horizontal integration 
B) sideway integration 
C) concentration 
D) vertical integration 
A) horizontal integration 
B) sideway integration 
C) concentration 
D) vertical integration

Question 20

Which of the following defines the time frame of a long-term plan?

Accepted Answer

A) Over three years 
B) Over ten years 
C) Over one year 
D) Over five years 
A) Over three years 
B) Over ten years 
C) Over one year 
D) Over five years

Organisations that do not formally plan may be more likely to have _________.

The most drastic renewal strategy an organisation can carry out is a retrenchment strategy.

List and briefly describe the three strategic options involved in a corporate strategy

Which of the following is an example of a strategic goal for the New Zealand All-Blacks Rugby Union Team?

A major argument in support of formal plans is that they can replace intuition and creativity.

A politician whose ultimate goal is to get elected is planning campaign ads for TV.In planning the ads, the politician is functioning at a _________ level.

Troubled companies seek _________ to address serious problems.

Which term is synonymous with goals? In reality, all organisations have _________.

Managers can often point to environmental factors when explaining how their formal plan did not lead to better organisational performance.

Which statement is consistent with the research on planning in organisations?

A cost leadership competitive strategy focuses on which of the following?

Successful planning depends more on what managers plan than the quality of their planning.

Growth strategies include _________.

Which of the following is a criticism of planning discussed in the textbook?

Compare and contrast specific plans and directional plans.

Two companies that both sell surfing gear combine.What are they doing?

A focus strategy seeks to appeal to a narrow segment of a market.

What is management by objectives (MBO)?

An egg-producing company decided to expand and open its own retail outlets.This is an example of _________.

Which of the following defines the time frame of a long-term plan?

Managers and Management

The Managerial Environment

Foundations of Decision Making

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters

Exam 4: Foundations of Planning

Organisations that do not formally plan may be more likely to have _________.

The most drastic renewal strategy an organisation can carry out is a retrenchment strategy.

List and briefly describe the three strategic options involved in a corporate strategy

Which of the following is an example of a strategic goal for the New Zealand All-Blacks Rugby Union Team?

A major argument in support of formal plans is that they can replace intuition and creativity.

A politician whose ultimate goal is to get elected is planning campaign ads for TV.In planning the ads, the politician is functioning at a _________ level.

Troubled companies seek _________ to address serious problems.

Which term is synonymous with goals? In reality, all organisations have _________.

Managers can often point to environmental factors when explaining how their formal plan did not lead to better organisational performance.

Which statement is consistent with the research on planning in organisations?

A cost leadership competitive strategy focuses on which of the following?

Successful planning depends more on what managers plan than the quality of their planning.

Growth strategies include _________.

Which of the following is a criticism of planning discussed in the textbook?

Compare and contrast specific plans and directional plans.

Two companies that both sell surfing gear combine.What are they doing?

A focus strategy seeks to appeal to a narrow segment of a market.

What is management by objectives (MBO)?

An egg-producing company decided to expand and open its own retail outlets.This is an example of _________.

Which of the following defines the time frame of a long-term plan?

Managers and Management

The Managerial Environment

Foundations of Decision Making

Organisational Structure and Design

Managing Human Resources

Managing Change and Innovation

Foundations of Individual Behaviour

Understanding Groups and Managing Work Teams

Motivating and Rewarding Employees

Leadership and Trust

Managing Communication and Information

Foundations of Control

Filters