Exam 6: Managerial Planning and Goal Setting

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Turtle Terrace should use traditional planning since that is the type of planning every company uses.

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All of the following are characteristics of effective goal setting EXCEPT

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Three critical planning methods are contingency planning, building scenarios, and crisis planning.

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____ goals lead to the attainment of ____ goals, which in turn lead to the attainment of ____ goals.

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Goals help managers decide where they need to allocate resources.

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

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____ are called the action steps by which an organization intends to attain its strategic goals.

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In what ways do plans and goals benefit an organization?

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____ refers to a broadly stated definition of the organization's basic business scope and operations that distinguishes it from similar types of organizations.

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Which of these is true about single-use plans?

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

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

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The official goals of the organization are best represented by the ____.

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Describe the guidelines for planning in the new workplace.

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Which of the following refer to specific results expected from individuals?

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____ enables firms to cope with unexpected events that are so sudden and devastating that they have the potential to destroy the organization if managers aren't prepared with a quick and appropriate response.

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Scenario - Katelynn Kareem The new program would be focused around MBO concepts. Katelynn Kareem had been a manager at WXYZ for ten years and she was not all certain if this new MBO approach was going to fit her department. She had strong commitment to achieving the company's objectives, but she also knew her employees well enough to know that some didn't share the same commitment. -Katelynn can anticipate enjoying the advantages of MBO which include

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The crisis management plan should be a(n) ____________________ that specifies the actions to be taken, and by whom, if a crisis occurs.

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If Renae, 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.

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Top managers make the broad strategic plan and identify specific tactical plans.

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