Question 1

Business System Configuration refers to identifying who,within the business,will be responsible for each aspect of the strategic plan.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following do organizations NOT commit their capital resources for within the execution phase?

Accepted Answer

A)  building plants 
B)  retooling existing plants 
C)  delivering products and services to customers 
D)  building new equipment 
E)  all of the above 
A)  building plants 
B)  retooling existing plants 
C)  delivering products and services to customers 
D)  building new equipment 
E)  all of the above

Question 3

A ________ statement is a forward-thinking statement which defines what a company wants to become and/or where it is going.

Accepted Answer

A)  mission 
B)  vision 
C)  financial 
D)  computer 
E)  printed 
A)  mission 
B)  vision 
C)  financial 
D)  computer 
E)  printed

Question 4

The encompassing explanation of why an organization exists and what it is trying to achieve is called the organization's directive.

Accepted Answer

A) True 
 B)False

Question 5

The business 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 6

Mission is one of the six key areas that business managers answer in the development of a business strategy.

Accepted Answer

A) True 
 B)False

Question 7

With respect to the overall mission of the organization,the difference between for-profit entities and not-for-profits is how to maintain the balance between the need and social mission and goals.

Accepted Answer

A) True 
 B)False

Question 8

What is a key component of the operating plan development process?

Accepted Answer

A)  identification of competitive advantage 
B)  identify threats 
C)  identify opportunities 
D)  assess position in the marketplace 
E)  Identification of required staffing, infrastructure, and process 
A)  identification of competitive advantage 
B)  identify threats 
C)  identify opportunities 
D)  assess position in the marketplace 
E)  Identification of required staffing, infrastructure, and process

Question 9

Goals tend to be broad and focus on the long-term while objectives tend to be specific and short-term in their focus.

Accepted Answer

A) True 
 B)False

Question 10

Prior to the implementation of the strategic plan,managers should review the plan with the intent of confirming what four things?

Accepted Answer

Prior to the implementation (execution)o

Question 11

Corporate,Business,and Operating are the three parts of formulating the strategic plan.

Accepted Answer

A) True 
 B)False

Question 12

Planning is a continuous process.

Accepted Answer

A) True 
 B)False

Question 13

Strategic,Business,and Operating are the three parts of formulating the strategic plan?

Accepted Answer

A) True 
 B)False

Question 14

Rather than having shareholders,not-for-profits' actions are being assessed by some organized enclave (membership base,government entity,or community board)..

Accepted Answer

A) True 
 B)False

Question 15

A customer analysis focuses on trying to identify what shifts have taken place in our customer base,in terms of attitudes,behaviours,and needs.

Accepted Answer

A) True 
 B)False

Question 16

What is the internal analysis portion of the I/E Analysis?

Accepted Answer

As part of the organizational evaluation

Question 17

Strategic planning looks at the organization as a whole,while ________ planning focuses on specific supervisors,department managers,and individual employees.

Accepted Answer

A)  tactical 
B)  strategic 
C)  mission 
D)  operational 
A)  tactical 
B)  strategic 
C)  mission 
D)  operational

Business System Configuration refers to identifying who,within the business,will be responsible for each aspect of the strategic plan.

Which of the following do organizations NOT commit their capital resources for within the execution phase?

A ________ statement is a forward-thinking statement which defines what a company wants to become and/or where it is going.

The encompassing explanation of why an organization exists and what it is trying to achieve is called the organization's directive.

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

Mission is one of the six key areas that business managers answer in the development of a business strategy.

With respect to the overall mission of the organization,the difference between for-profit entities and not-for-profits is how to maintain the balance between the need and social mission and goals.

What is a key component of the operating plan development process?

Goals tend to be broad and focus on the long-term while objectives tend to be specific and short-term in their focus.

Prior to the implementation of the strategic plan,managers should review the plan with the intent of confirming what four things?

Corporate,Business,and Operating are the three parts of formulating the strategic plan.

Planning is a continuous process.

Strategic,Business,and Operating are the three parts of formulating the strategic plan?

Rather than having shareholders,not-for-profits' actions are being assessed by some organized enclave (membership base,government entity,or community board)..

A customer analysis focuses on trying to identify what shifts have taken place in our customer base,in terms of attitudes,behaviours,and needs.

What is the internal analysis portion of the I/E Analysis?

Strategic planning looks at the organization as a whole,while ________ planning focuses on specific supervisors,department managers,and individual employees.

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

Business System Configuration refers to identifying who,within the business,will be responsible for each aspect of the strategic plan.

Which of the following do organizations NOT commit their capital resources for within the execution phase?

A ________ statement is a forward-thinking statement which defines what a company wants to become and/or where it is going.

The encompassing explanation of why an organization exists and what it is trying to achieve is called the organization's directive.

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

Mission is one of the six key areas that business managers answer in the development of a business strategy.

With respect to the overall mission of the organization,the difference between for-profit entities and not-for-profits is how to maintain the balance between the need and social mission and goals.

What is a key component of the operating plan development process?

Goals tend to be broad and focus on the long-term while objectives tend to be specific and short-term in their focus.

Prior to the implementation of the strategic plan,managers should review the plan with the intent of confirming what four things?

Corporate,Business,and Operating are the three parts of formulating the strategic plan.

Planning is a continuous process.

Strategic,Business,and Operating are the three parts of formulating the strategic plan?

Rather than having shareholders,not-for-profits' actions are being assessed by some organized enclave (membership base,government entity,or community board)..

A customer analysis focuses on trying to identify what shifts have taken place in our customer base,in terms of attitudes,behaviours,and needs.

What is the internal analysis portion of the I/E Analysis?

Strategic planning looks at the organization as a whole,while ________ planning focuses on specific supervisors,department managers,and individual employees.

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