Exam 8: Foundations of Planning

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In a short essay, define competitor intelligence and discuss the ethical concerns regarding this type of environmental scanning.

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What happens to traditional goals as they make their way down from top management to lower levels?

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A manager who wanted to predict next quarter's sales on the basis of four years of previous sales data would probably use time series analysis.

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Are strategic or operational plans needed? Does long-term planning make sense in all situations? These decisions are affected by three contingency variables.In a short essay, list the three planning contingency factors and illustrate how these factors influence planning.

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A town's preparation for a visit by a member of the Royal Family would be considered what type of plan?

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________ is a process that involves defining the organisation's objectives or goals, establishing strategy, and developing a hierarchy of plans.

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Project management differs from managing a production line based mainly on the temporary nature of most projects and project teams.

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Plans that apply to the entire organisation, establish the organisation's overall objectives and seek to position the organisation in terms of its environment are called ________ plans.

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Research indicates that managers who plan always outperform managers who do not plan.

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The only real influence project managers have is ________.

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Time series analysis, substitution effect and economic indicators are all examples of quantitative forecasting techniques.

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Which of the following statements depicts the reality concerning stated and real organisational objectives?

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The project planning process begins by clearly defining the project's goals.

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The task of getting a project's activities done on time, within budget and according to specifications is project management.

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Which of the following is NOT a quantitative forecasting technique?

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One suggestion for improving forecasting effectiveness is to ________.

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Most methods of environmental scanning that involve competitor intelligence are illegal.

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A firm's sexual harassment policy is an example of a(n)________ plan.

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The central theme in traditional goal setting has which of the following assumptions?

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Effective planning in dynamic environments means flattening the organisational hierarchy.

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