Exam 1: An Introduction to the Strategic Planning Process SPP

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SWOT analysis helps the organizations to scan only the internal environment.

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Which of the following is not considered an objective?

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At the corporate level, strategies tend to have the narrowest scope.

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_________ refers to the match between the organizations internal capabilities and its external relationship.

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Three functions that permeate the work process are problem analysis, decision-making, and execution.

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XTZ Inc.'s assumes that their project teams must know when a product has to be delivered to the leading customer, and product development time must be less than twelve months. Which Simple Rules does this statement support?

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Employees who are working with the product (or service) every day are not in a position to render decisions about how to improve it.

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In your opinion, what are the key components derived from the systematic environmental scanning that would be reflected in the organization's strategic plan?

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__________ sees advantages resulting from exploiting resources or establishing stable market positions to generate profits and be market dominant.

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What are the different levels of organizational strategic planning? Discuss the role they play in the overall strategy of the organization.

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_________ finds the advantages coming from successfully capturing unanticipated and fleeting opportunities in order to grow and succeed.

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Intuition is neither the opposite of quantitative analysis, nor an attempt to eliminate quantitative analysis.

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Goals are defined as ________statements of planned accomplishment.

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Culture is a group problem-solving tool that enables individuals to survive in a particular environment.

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___________ involves the formulation of a strategy, the implementation of the strategy, and the evaluation of the strategy's success.

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A strategic consensus is whereby managers at the same levels share understanding and common commitment to the strategy.

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The marginal stakeholder represents the opposite situation and suggests a defense strategy.

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If ________ provide specificity for________, the latter might be said to provide focus for the organization's ___________.

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Define and explain the relationship between strategic implementation and strategic consensus.

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Strategic management and planning provide a framework for seeking profitable ways for the organization to adapt to change.

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