Chat with AIExam 4: Strategic and Operational Planning
What is the writing effective objectives model?
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VerifiedThe writing effective objectives model includes (1)the word to followed by (2)an action verb; (3)a statement of the single,specific,and measurable result to be achieved; and (4)a target date.
Should all businesses formally analyze the environment?
(35) VerifiedAnswers will vary,but students should realize the importance of analyzing the environment and how it determines how congruent the business strategy is with the capabilities of the firm and its external environment.
How would you rate your university/college or school/department's strategic planning?
How could it be improved?
(39) 
Answered by Examlex AI CopilotI would rate my university/college's strategic planning as average. While there are clear goals and initiatives in place, there is room for improvement in terms of implementation and communication.
To improve the strategic planning, I believe there should be more involvement from faculty, staff, and students in the decision-making process. This would ensure that the strategic plan is reflective of the needs and priorities of the entire university community. Additionally, there should be regular updates and transparency about the progress of the strategic plan, so that everyone is aware of the direction the university is heading in.
Furthermore, the strategic planning process could benefit from more data-driven decision making and a focus on long-term sustainability. This would help ensure that the university is prepared for future challenges and opportunities. Overall, I believe that by involving the entire university community, being transparent about progress, and focusing on long-term sustainability, the strategic planning at my university could be significantly improved.
A manufacturer establishing its own retail outlets in order to be closer to the final customer exemplifies:
(35) New firms will more likely enter the market during the __________ stage.
(37) Which of the following is NOT one of the three planning levels for strategic and operational types of plans?
(35) Performance factors are the few major things that the business must do well to be successful.
(44) Identify one functional area of an organization you work for or have worked for.What was its operational strategy?
(31) Conduct a simple five-force competitive analysis for a company you work for or have worked for.Use Exhibit 4-4 as an example.
(33) With a __________ strategy,the company divests or liquidates assets.
(30) A situation analysis focuses on those features in a company's environment that most directly affect its options and opportunities.
(34) The prospecting adaptive strategy resembles the grand strategy of growth.
(42) Should all businesses have corporate,business,and functional strategies?
(38) What is the relationship between grand strategies and adaptive strategies?
(34) A(n)__________ is a distinct business having its own customers that is managed independently of other businesses within the corporation.
(34) Describe a situation in which a contingency plan is appropriate.Explain the plan.
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