Exam 7: Foundations of Planning

Which of the following best defines goals?

In most cases, strategic goals include ________.

One effect of planning on managers is that it forces them to ________.

An external analysis will identify the threats to a company's well-being, but not opportunities for success.

SWOT analysis combines ________.

In the twenty-first century, managers increasingly need to consider their plans as ________.

Planning gives organizations a way to deal with change that ________.

A mission statement includes identification of an organization's ________.

This term describes an electric shaver company that carefully observes its competitor's production line to look for ways to improve its own manufacturing process.

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.

Two movie studios combining to form one larger studio is an example of which of the following?

Informal plans are not recognized to be an effective form of planning.

A differentiation strategy ________.

Which of the following is NOT something that a company would be likely to do as a part of a competitive intelligence program?

Goals typically should be reserved for managers only. Goals should not be shared with subordinates.

The thing that makes your product special is known as your ________.

Which term refers to an organization's capital, workers, and patents?

According to Michael Porter, a company with good products that has no clear competitive advantage is said to be ________.

An external analysis, the second step of the strategic management process, helps identify ________.

In informal planning, goals are usually ________ shared with others in the organization.