Exam 4: Strategic and Operational Planning

What is the relationship between the mission statement and developing strategies?

The five planning dimensions include all of the following EXCEPT:

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

A manufacturer that begins producing its own components exemplifies:

Policies are more specific than procedures.

Functional strategies are strategies developed and implemented by managers in marketing,operations,human resources,finance,and other departments of a company.

Explain the reason for conducting an industry and competitive situation analysis.

List three objectives for your new venture.

Business portfolio analysis is the corporate process of determining which lines of business the corporation will be in and how it will allocate resources among them.

State the difference between standing plans and single-use plans.

In the BCG Growth-Share matrix,__________ are emerging businesses with high growth and market share.

What are the adaptive strategies?

Through __________,the organization grows aggressively in its existing line(s)of business.

Give examples of functional departments other than those mentioned in the text.

Two aspects of a company's competitive advantage are core competency and:

What are the five planning dimensions?

The analyzing adaptive strategy resembles the stability grand strategy.

With a __________ strategy,the company makes aggressive attempts to increase its size through increased sales.

Should all businesses have a competitive advantage?

Is it important to write objectives?