Exam 9: Foundations of Planning

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Planning can't eliminate change.Managers plan in order to ________.

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Which of the following is a common way to classify an organization's plans?

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A(n)________ plan is a plan specifically designed to meet the needs of a unique situation.

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Formal planning involves which of the following aspects?

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Operational plans specify the details of how the overall goals are to be achieved.

(True/False)
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A-Z Goal Setting and Planning (Scenario) Organizations ABC and XYZ are both in the same industry and vie for the same set of customers in the marketplace. At ABC, goals are set at the top level of management each year and then broken into subgoals for each organizational level. Similarly, plans are developed at the top level and then reformulated and delegated to managers at the middle and lower levels. At XYZ, goals are developed at the top level, and then those managers meet with their subordinates at the next lower level to establish mutually agreeable goals. The middle managers then meet with the first-level managers to establish mutually agreeable goals. Finally, the first-level managers meet with each of their employees and establish mutually agreeable goals. Annual plans are then developed by organization members at all levels to meet their specific needs. -Assuming that XYZ's hierarchy of goals is clearly defined,the resulting integrated network of goals could also be called a ________ chain.

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Goals that are beyond what seems realistic are called "stretch goals."

(True/False)
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An organization's mission states that it "is committed to reducing its environmental footprint"; but its facilities do not comply with statutory environmental regulations.This is an instance of how ________.

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Retail Planning (Scenario) Tyler Nall is president and CEO of a new chain of retail stores that is about to begin operations. During the last couple of months, he has been developing goals and directions for the stores, which will sell moderately priced home furnishings to average-income consumers. The plan is to open 20 to 30 stores in large shopping centres across Canada over the next three years. Tyler and his vice-presidents have decided that each store should have sales equal to or greater than $900 per square metre per day. To attract an adequate number of customers, each store should be: • located in an out-parcel site of a major shopping mall; • located at a mall that attracts an average of at least 2,000 customers daily; • well maintained both inside and out; • well lit, throughout the store; • arranged in room settings to highlight the home furnishing decor; • open from 9 a.m. to 9 p.m. Monday to Saturday, and 1 p.m. to 5 p.m. Sunday; • staffed with friendly, well-groomed sales personnel dressed in business attire. -The statement that each store should have sales equal to or greater than $900 per square metre per day is an example of ________.

(Multiple Choice)
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The first step in goal setting is to evaluate available resources.

(True/False)
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As the responsibility for establishing goals and developing plans is pushed to lower organizational levels in dynamic environments,organizational hierarchies must become ________.

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Which one of the following statements is TRUE of planning in dynamic environments?

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A city's policy concerning skateboarding on downtown sidewalks that provides guidance for police action would be considered what type of plan?

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Stretch goals are goals that ________.

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In traditional goal setting,it is assumed that top managers know what's best because they ________.

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The standard procedure to be followed by the human resources department of a company when initiating disciplinary action against an employee is an example of a standing plan.

(True/False)
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When uncertainty is high and managers must be flexible in order to respond to unexpected changes,directional plans are preferable.

(True/False)
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Which of the following goals is most appropriate for an MBO program?

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Planning is concerned both with ends (what is to be done)and means (how it is to be done).

(True/False)
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________ refers to gathering information about other businesses that allows managers to anticipate their actions rather than merely react to them.

(Multiple Choice)
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