Exam 4: Strategic and Operational Planning

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Budgets are examples of single-use plans.

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Write a mission statement for your new venture.

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The three planning levels are corporate,business,and daily.

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Amy carries

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Which of the following is NOT one of the three "want" criteria an effective objective must conform to?

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__________ plans are policies,procedures,and rules developed for handling repetitive situations.

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"No smoking in the work area," is an example of a company policy.

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Give an example of a strategic objective and an operational objective from an organization you work for or have worked for.

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Ford's goal is to sell 15% more minivans.Which of the following "must" criteria is not met in this statement?

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If it has a growth strategy,what is it?

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What is the difference between a merger and an acquisition?

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What are the grand strategies?

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Turnaround and retrenchment may be appropriate for the __________ stage.

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Developing the mission is the first step in the strategic planning process.

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What is the mission statement of your university/college or school/department?

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Give an example of a program you were involved in at work.

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A.Develop a five-force competitive analysis. B.Complete a company situation analysis. 1.SWOT analysis. 2.Determine your company's competitive advantage (if any).You may wish to do a competitive strength assessment. 3.What conclusions did you come to concerning competitive position? 4.Determine the issues and problems that need to be addressed through the strategic planning process.

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Bill's goal is to save more money in 2011.Which of the following "must" criteria is not met in this statement?

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The fifth step of the strategic planning process involves implementing and controlling strategies to ensure that the mission and objectives are achieved.

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The five competitive forces identified by Michael Porter include all of the following EXCEPT:

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