Exam 2: Strategic Planning

Every for-profit organization considers future profitability a key objective.

During the execution of each project,actual results are compared to ____________________ results.

____ strategic planning defines the organization's vision and values and then identifies projects and initiatives to achieve the vision while adhering to the values.

UPS currently is evaluating and testing the second generation of the DIAD.

The ____ must be able to communicate well and should be accessible to other corporate executives.

____ must communicate the vision,objectives,and strategies of the organization so that everyone can help define the actions required to meet organizational goals.

A(n)____ process begins by identifying and analyzing key issues that face the organization,setting strategies to address those issues,and identifying projects and initiatives that are consistent with the strategies.

The THREAT matrix is a simple way to illustrate what the firm is doing well,where it can improve,what opportunities are available,and what environmental factors threaten the future of the organization.

Discuss RFID versus bar code tracking.

Discuss the fundamental factors that determine the level of competition and long-term profitability of an industry according to Porter's Five Forces Model.

The odds of achieving good alignment are not significantly increased when IT staff members have experience in the business and can talk to business managers in business terms rather than technology terms.

____________________ strategic planning is the most frequently used approach.

Strategic planning is typically a quarterly process timed to yield results that are used to prepare the annual expense budget and capital forecast.

The ____________________ assessment for UPS includes an identification of current strategies.

UPS has extensively tested ____ technology as a possible replacement for the bar coding it uses to sort packages.

The ____ assessment begins with an examination of the industry,then identifies UPS's strengths,opportunities,and threats.

According to the Boston Consulting Group growth-share matrix,____ are high-growth business units or products that compete in markets where they have attained a large market share.

An effective statement consists of three components: a core ideology,a mission statement,and a vision of a desirable future.

UPS developed software called ____ to enable U.S.Customs and Border Protection agents to inspect packages that pass through the Worldport international hub in Louisville.

A breakthrough project creates a competitive advantage that enables the organization to earn a greater than normal return on investment than its competitors.