Exam 5: Managing the Planning Process

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Line managers and those employees directly responsible for individual tasks create

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Which of the following is true of performance standards?

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What are the pitfalls of planning?

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What are the three types of actions normally planned after objectives have been established?

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To be the most effective, the planning process should be a top-down exercise.

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A general guide for managers and employees to follow is a

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Planning is as much an art as a science.

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Who is normally responsible for developing strategic action plans?

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When the Acme Company anticipates what may happen in the future by planning four different views of the future and then spells out what to do in each of these future views, they are using

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Action plans developed at the department level are

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In keeping planning a continuous process that is attuned to changes in both the internal and external environment, firms should consider all of the following except

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The strength of MBO is its

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Behavior is best motivated with objectives that are

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Common examples of inaccurate forecasts driving poor strategic decisions include

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What is planning?

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When company executives fail to abandon a plan after large resources have been spent on it even though the evidence suggests that the plan is not working is called

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Why must businesses focus attention on different time horizons when planning?

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When workers participate in the planning process, they tend to

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A centralized planning process

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Objectives should

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