Question 1

The operating plans is developed after the corporate level and business level strategies and objectives have been identified?

Accepted Answer

A) True 
 B)False

Question 2

,as well as other strategy considerations.

Accepted Answer

A)  emotional 
B)  psychological 
C)  economic 
D)  philosophical 
E)  ideological 
A)  emotional 
B)  psychological 
C)  economic 
D)  philosophical 
E)  ideological

Question 3

What are the three parts of formulating the strategic plan?

Accepted Answer

A)  Strategic, Tactical, and Operating 
B)  Corporate, Tactical, and Operating 
C)  Strategic, Business, and Operating 
D)  Corporate, Business, and Operating 
E)  Establishment, Tactical, and Design 
A)  Strategic, Tactical, and Operating 
B)  Corporate, Tactical, and Operating 
C)  Strategic, Business, and Operating 
D)  Corporate, Business, and Operating 
E)  Establishment, Tactical, and Design

Question 4

Strategic planning involves setting the organizational vision,goals and objectives in a "road map".

Accepted Answer

A) True 
 B)False

Question 5

A __________ is an overall explanation of why an organization exists and where it is trying to head.

Accepted Answer

A)  tactical plan 
B)  prime directive 
C)  corporate charter 
D)  vision 
A)  tactical plan 
B)  prime directive 
C)  corporate charter 
D)  vision

Question 6

A vision for a company is:

Accepted Answer

A)  an explanation of why the company exists and where it wants to go. 
B)  the same thing as an objective. 
C)  a detailed plan that outlines the major organizational structure of the firm. 
D)  very relevant for the short-term, but less useful for the long-term. 
A)  an explanation of why the company exists and where it wants to go. 
B)  the same thing as an objective. 
C)  a detailed plan that outlines the major organizational structure of the firm. 
D)  very relevant for the short-term, but less useful for the long-term.

Question 7

Operational activities alignment is the final phase of the strategic planning process.

Accepted Answer

A) True 
 B)False

Question 8

Demographics is one of the key areas in which the I/E Analysis is assessing business risk and change.

Accepted Answer

A) True 
 B)False

Question 9

Continuously monitoring the success of the implementation of the strategy is a key requirement of the strategy execution phase.

Accepted Answer

A) True 
 B)False

Question 10

Business level strategy objectives define how to accomplish the stated corporate objectives.

Accepted Answer

A) True 
 B)False

Question 11

Strategy execution is the final phase of the strategic planning process.

Accepted Answer

A) True 
 B)False

Question 12

Operational planning looks at the organization as a whole,while strategic planning focuses on specific departmental managers.

Accepted Answer

A) True 
 B)False

Question 13

A meaningful mission statement should address topics such as the organization's:

Accepted Answer

A)  form of ownership and methods of financing. 
B)  self-concept and company philosophy. 
C)  advertising strategy and distribution plan. 
D)  tactical plans and contingency plans. 
A)  form of ownership and methods of financing. 
B)  self-concept and company philosophy. 
C)  advertising strategy and distribution plan. 
D)  tactical plans and contingency plans.

Question 14

What is a key outcome of the I/E Analysis?

Accepted Answer

A)  identification of competitive advantage 
B)  identify threats 
C)  identify opportunities 
D)  assess position in the marketplace 
E)  identifying anticipated moves by competitors 
A)  identification of competitive advantage 
B)  identify threats 
C)  identify opportunities 
D)  assess position in the marketplace 
E)  identifying anticipated moves by competitors

Question 15

A key component of the operating plan development process is to seek out acquisitions,collaborations,and strategic alliances which complement existing products and capabilities

Accepted Answer

A) True 
 B)False

Question 16

_________ analysis is used to help companies evaluate their economic environments,assess their strengths and weaknesses,and identify competitive threats and market opportunities.

Accepted Answer

A)  WISH 
B)  SWAMP 
C)  ASSET 
D)  SWOT 
A)  WISH 
B)  SWAMP 
C)  ASSET 
D)  SWOT

Question 17

Jamal is part of a management group that is examining whether his company,State Engineering,should offer some important new services that would broaden its business by appealing to a different group of potential clients.Jamal's group is involved with:

Accepted Answer

A)  contingency planning. 
B)  operational planning. 
C)  strategic planning. 
D)  tactical planning. 
A)  contingency planning. 
B)  operational planning. 
C)  strategic planning. 
D)  tactical planning.

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

A modern manager's main job is to issue orders,then follow up to make sure employees do as they were told.

Accepted Answer

A) True 
 B)False

Question 20

In order for an organization to be successful over the long term,managers need to have a game plan.

Accepted Answer

A) True 
 B)False

The operating plans is developed after the corporate level and business level strategies and objectives have been identified?

,as well as other strategy considerations.

What are the three parts of formulating the strategic plan?

Strategic planning involves setting the organizational vision,goals and objectives in a "road map".

A __________ is an overall explanation of why an organization exists and where it is trying to head.

A vision for a company is:

Operational activities alignment is the final phase of the strategic planning process.

Demographics is one of the key areas in which the I/E Analysis is assessing business risk and change.

Continuously monitoring the success of the implementation of the strategy is a key requirement of the strategy execution phase.

Business level strategy objectives define how to accomplish the stated corporate objectives.

Strategy execution is the final phase of the strategic planning process.

Operational planning looks at the organization as a whole,while strategic planning focuses on specific departmental managers.

A meaningful mission statement should address topics such as the organization's:

What is a key outcome of the I/E Analysis?

A key component of the operating plan development process is to seek out acquisitions,collaborations,and strategic alliances which complement existing products and capabilities

_________ analysis is used to help companies evaluate their economic environments,assess their strengths and weaknesses,and identify competitive threats and market opportunities.

Jamal is part of a management group that is examining whether his company,State Engineering,should offer some important new services that would broaden its business by appealing to a different group of potential clients.Jamal's group is involved with:

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

A modern manager's main job is to issue orders,then follow up to make sure employees do as they were told.

In order for an organization to be successful over the long term,managers need to have a game plan.

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

The operating plans is developed after the corporate level and business level strategies and objectives have been identified?

,as well as other strategy considerations.

What are the three parts of formulating the strategic plan?

Strategic planning involves setting the organizational vision,goals and objectives in a "road map".

A __________ is an overall explanation of why an organization exists and where it is trying to head.

A vision for a company is:

Operational activities alignment is the final phase of the strategic planning process.

Demographics is one of the key areas in which the I/E Analysis is assessing business risk and change.

Continuously monitoring the success of the implementation of the strategy is a key requirement of the strategy execution phase.

Business level strategy objectives define how to accomplish the stated corporate objectives.

Strategy execution is the final phase of the strategic planning process.

Operational planning looks at the organization as a whole,while strategic planning focuses on specific departmental managers.

A meaningful mission statement should address topics such as the organization's:

What is a key outcome of the I/E Analysis?

A key component of the operating plan development process is to seek out acquisitions,collaborations,and strategic alliances which complement existing products and capabilities

_________ analysis is used to help companies evaluate their economic environments,assess their strengths and weaknesses,and identify competitive threats and market opportunities.

Jamal is part of a management group that is examining whether his company,State Engineering,should offer some important new services that would broaden its business by appealing to a different group of potential clients.Jamal's group is involved with:

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

A modern manager's main job is to issue orders,then follow up to make sure employees do as they were told.

In order for an organization to be successful over the long term,managers need to have a game plan.

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