Question 1

Like for-profit entities,not-for-profits must develop ________ which produce positive financial results for the organization.

Accepted Answer

A)  competitive advantage 
B)  substitutes 
C)  opportunities 
D)  operational tactics 
E)  strategies and tactics 
A)  competitive advantage 
B)  substitutes 
C)  opportunities 
D)  operational tactics 
E)  strategies and tactics

Question 2

Explain SMAC principles and provide examples.

Accepted Answer

A fundamental underlying element to the

Question 3

An identification of required staffing,infrastructure,and process is a key component of the operating plan development process.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is NOT part of the strategic planning process and its organizing framework?

Accepted Answer

A)  assess what is changing in its macro-economic environment 
B)  understanding what is influencing markets today 
C)  assess what strategies its competitors are pursuing 
D)  assess who its customers are and how they are changing 
E)  assess what are its capabilities, competencies and advantages 
A)  assess what is changing in its macro-economic environment 
B)  understanding what is influencing markets today 
C)  assess what strategies its competitors are pursuing 
D)  assess who its customers are and how they are changing 
E)  assess what are its capabilities, competencies and advantages

Question 5

,effectively respond to the following:

Accepted Answer

A)  Maintain the balance between the economic base and the social mission and goals 
B)  Enhance the vitality of the organization 
C)  Maintain the atmosphere of collective entrepreneurship 
D)  Enhance the rootedness of the organization 
E)  All of the above 
A)  Maintain the balance between the economic base and the social mission and goals 
B)  Enhance the vitality of the organization 
C)  Maintain the atmosphere of collective entrepreneurship 
D)  Enhance the rootedness of the organization 
E)  All of the above

Question 6

Goals are broad,long-term accomplishments an organization wants to achieve.

Accepted Answer

A) True 
 B)False

Question 7

Objectives should be expressed as broad,general principles rather than as specific short-term results.

Accepted Answer

A) True 
 B)False

Question 8

Explain responsibility and accountability with respect to strategic planning.

Accepted Answer

Responsibility and Accountability refers

Question 9

Assessing what strategies competitors are pursuing is part of the strategic planning process and its organizing framework.

Accepted Answer

A) True 
 B)False

Question 10

Identifying anticipated moves by competitors is a key outcome of the I/E Analysis.

Accepted Answer

A) True 
 B)False

Question 11

Understanding what is influencing markets today is part of the strategic planning process and its organizing framework.

Accepted Answer

A) True 
 B)False

Question 12

Small and medium-size business owners need to assess and anticipate the changes which are occurring with new opportunities.

Accepted Answer

A) True 
 B)False

Question 13

Every business is faced with the reality of having less uses for resources than resources available.

Accepted Answer

A) True 
 B)False

Question 14

The revolution in management that is currently underway suggests that the most effective managers of the future will:

Accepted Answer

A)  be very strict in their treatment of workers. 
B)  emphasize individual initiative rather than teamwork. 
C)  specialize in performing one of the four management functions. 
D)  be skilled communicators and team players. 
A)  be very strict in their treatment of workers. 
B)  emphasize individual initiative rather than teamwork. 
C)  specialize in performing one of the four management functions. 
D)  be skilled communicators and team players.

Question 15

Developing a business strategy looks at each of the six areas _______,but also ________,in determining the road which an organization should take.

Accepted Answer

A)  alone, holistically 
B)  individually, together 
C)  individually, holistically 
D)  alone, simultaneously 
E)  individually, simultaneously 
A)  alone, holistically 
B)  individually, together 
C)  individually, holistically 
D)  alone, simultaneously 
E)  individually, simultaneously

Question 16

What is the final phase of the strategic planning process?

Accepted Answer

The final phase of the strategic plannin

Question 17

Small and medium-size business owners need to assess and anticipate the changes which are occurring with the needs for their products.

Accepted Answer

A) True 
 B)False

Question 18

The corporate level of planning would be determining specific objectives which it hopes to achieve for each of its identified business initiatives and/or business units.

Accepted Answer

A) True 
 B)False

Question 19

SWOT analysis focuses only on the internal activities of the firm,while other analytical tools are used to review the external environment in which the firm operates.

Accepted Answer

A) True 
 B)False

Question 20

___________ are broad,long-term accomplishments an organization wants to achieve.

Accepted Answer

A)  Goals 
B)  Objectives 
C)  Directives 
D)  Agendas 
A)  Goals 
B)  Objectives 
C)  Directives 
D)  Agendas

Like for-profit entities,not-for-profits must develop ________ which produce positive financial results for the organization.

Explain SMAC principles and provide examples.

An identification of required staffing,infrastructure,and process is a key component of the operating plan development process.

Which of the following is NOT part of the strategic planning process and its organizing framework?

,effectively respond to the following:

Goals are broad,long-term accomplishments an organization wants to achieve.

Objectives should be expressed as broad,general principles rather than as specific short-term results.

Explain responsibility and accountability with respect to strategic planning.

Assessing what strategies competitors are pursuing is part of the strategic planning process and its organizing framework.

Identifying anticipated moves by competitors is a key outcome of the I/E Analysis.

Understanding what is influencing markets today is part of the strategic planning process and its organizing framework.

Small and medium-size business owners need to assess and anticipate the changes which are occurring with new opportunities.

Every business is faced with the reality of having less uses for resources than resources available.

The revolution in management that is currently underway suggests that the most effective managers of the future will:

Developing a business strategy looks at each of the six areas _,but also __,in determining the road which an organization should take.

What is the final phase of the strategic planning process?

Small and medium-size business owners need to assess and anticipate the changes which are occurring with the needs for their products.

The corporate level of planning would be determining specific objectives which it hopes to achieve for each of its identified business initiatives and/or business units.

SWOT analysis focuses only on the internal activities of the firm,while other analytical tools are used to review the external environment in which the firm operates.

___________ are broad,long-term accomplishments an organization wants to achieve.

What Is Business

The Canadian Economic Environment

The Global Marketplace

The Environment and Sustainable Business Practices

Ethics and Corporate Social Responsibility

Entrepreneurship and Forms of Business Ownership

Developing Your Business Structure and Culture

Managing and Leading the Organizations Talent

The Marketing Challenge

Understanding the Marketing Effort

Technology and Operations Management

Understanding Business Finances

Financial Statements Structure and Interpretation

Analyzing New Business Ventures

Filters

Exam 6: Developing a Business Strategy

Like for-profit entities,not-for-profits must develop ________ which produce positive financial results for the organization.

Explain SMAC principles and provide examples.

An identification of required staffing,infrastructure,and process is a key component of the operating plan development process.

Which of the following is NOT part of the strategic planning process and its organizing framework?

,effectively respond to the following:

Goals are broad,long-term accomplishments an organization wants to achieve.

Objectives should be expressed as broad,general principles rather than as specific short-term results.

Explain responsibility and accountability with respect to strategic planning.

Assessing what strategies competitors are pursuing is part of the strategic planning process and its organizing framework.

Identifying anticipated moves by competitors is a key outcome of the I/E Analysis.

Understanding what is influencing markets today is part of the strategic planning process and its organizing framework.

Small and medium-size business owners need to assess and anticipate the changes which are occurring with new opportunities.

Every business is faced with the reality of having less uses for resources than resources available.

The revolution in management that is currently underway suggests that the most effective managers of the future will:

Developing a business strategy looks at each of the six areas _______,but also ________,in determining the road which an organization should take.

What is the final phase of the strategic planning process?

Small and medium-size business owners need to assess and anticipate the changes which are occurring with the needs for their products.

The corporate level of planning would be determining specific objectives which it hopes to achieve for each of its identified business initiatives and/or business units.

SWOT analysis focuses only on the internal activities of the firm,while other analytical tools are used to review the external environment in which the firm operates.

___________ are broad,long-term accomplishments an organization wants to achieve.

What Is Business

The Canadian Economic Environment

The Global Marketplace

The Environment and Sustainable Business Practices

Ethics and Corporate Social Responsibility

Entrepreneurship and Forms of Business Ownership

Developing Your Business Structure and Culture

Managing and Leading the Organizations Talent

The Marketing Challenge

Understanding the Marketing Effort

Technology and Operations Management

Understanding Business Finances

Financial Statements Structure and Interpretation

Analyzing New Business Ventures

Filters

Developing a business strategy looks at each of the six areas _,but also __,in determining the road which an organization should take.