Exam 8: Foundations of Planning

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Informal planning is ____________.

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Refer to the scenario given to answer the following questions. It's Academic (Scenario) Rachel is the academic dean for a regional community college. The president has asked her to develop a plan for the college. He wants a plan covering the next five years, and he wants it to be as specific as possible, but not to the extent that it constrains flexibility. In developing the plan, Rachel must address several emerging issues, including advancements in teaching technology, shifting demand for various academic programs, declining student enrolment, and increasing competition from other schools. Despite projections that student enrolment will continue to decline over the next five years, Rachel must ensure that the plan allows the college to meet its employment obligations to tenured faculty who have been offered long-term teaching positions. -Tyler's goal for each store to sell at least $900 per square metre per day has some of the characteristics of a well-designed goal. For example, it is measurable and quantifiable. What else might Tyler do to improve the design of this goal?

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explain and discuss in detail the six characteristics of well-designed goals. Give two examples of well-written goals.

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Which of the following is NOT an element of successful MBO programs?

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What is competitor intelligence? Identify some of the sources of competitor intelligence? Discuss the legal and ethical issues related to this concept.

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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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Studies have found that the quality of the planning process and the appropriate implementation of plans likely contribute more to high performance than does the extent of planning.

(True/False)
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Refer to the scenario given to answer the following questions. E-Biz Dreams (Scenario) Robert Lee has just completed a Bachelor of Computer Science degree at Carleton University. He now wants to begin a new Internet business selling his services as a website developer for companies in Ottawa. He estimates that within one year, if his business idea is a success, he will be employing five programmers and two analysts. -Robert's plan to employ five programmers and two analysts within his first year of operation is best described as a __________ plan.

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Plans that are clearly defined and leave no room for interpretation are called __________________ plans.

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Refer to the scenario given to answer the following questions. It's Academic (Scenario) Rachel is the academic dean for a regional community college. The president has asked her to develop a plan for the college. He wants a plan covering the next five years, and he wants it to be as specific as possible, but not to the extent that it constrains flexibility. In developing the plan, Rachel must address several emerging issues, including advancements in teaching technology, shifting demand for various academic programs, declining student enrolment, and increasing competition from other schools. Despite projections that student enrolment will continue to decline over the next five years, Rachel must ensure that the plan allows the college to meet its employment obligations to tenured faculty who have been offered long-term teaching positions. -Since Rachel's plan will apply to the entire college, it is best described as a(n) ____.

(Multiple Choice)
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Directional plans provide ______________, while specific plans provide ____________.

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

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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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A manager's analysis of the external environment can be improved by ________, which involves analyzing information to detect emerging trends.

(Multiple Choice)
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Refer to the scenario given to answer the following questions. It's Academic (Scenario) Rachel is the academic dean for a regional community college. The president has asked her to develop a plan for the college. He wants a plan covering the next five years, and he wants it to be as specific as possible, but not to the extent that it constrains flexibility. In developing the plan, Rachel must address several emerging issues, including advancements in teaching technology, shifting demand for various academic programs, declining student enrolment, and increasing competition from other schools. Despite projections that student enrolment will continue to decline over the next five years, Rachel must ensure that the plan allows the college to meet its employment obligations to tenured faculty who have been offered long-term teaching positions. -The plan to open 20 to 30 stores over the next three years is __________.

(Multiple Choice)
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Refer to the scenario given to answer the following questions. It's Academic (Scenario) Rachel is the academic dean for a regional community college. The president has asked her to develop a plan for the college. He wants a plan covering the next five years, and he wants it to be as specific as possible, but not to the extent that it constrains flexibility. In developing the plan, Rachel must address several emerging issues, including advancements in teaching technology, shifting demand for various academic programs, declining student enrolment, and increasing competition from other schools. Despite projections that student enrolment will continue to decline over the next five years, Rachel must ensure that the plan allows the college to meet its employment obligations to tenured faculty who have been offered long-term teaching positions. -The recruitment policy to hire sales personnel who are friendly and well groomed is a __________ plan.

(Multiple Choice)
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Which of the following is the first step in the goal-setting process?

(Multiple Choice)
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Directional plans are clearly defined and leave no room for interpretation.

(True/False)
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Refer to the scenario given to answer the following questions. It's Academic (Scenario) Rachel is the academic dean for a regional community college. The president has asked her to develop a plan for the college. He wants a plan covering the next five years, and he wants it to be as specific as possible, but not to the extent that it constrains flexibility. In developing the plan, Rachel must address several emerging issues, including advancements in teaching technology, shifting demand for various academic programs, declining student enrolment, and increasing competition from other schools. Despite projections that student enrolment will continue to decline over the next five years, Rachel must ensure that the plan allows the college to meet its employment obligations to tenured faculty who have been offered long-term teaching positions. -Uncertainty about the impact of new teaching technologies and shifting program demand suggests that the plan should be more __________.

(Multiple Choice)
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The most popular ways to describe organization's plans are by their breadth, time frame, ____________.

(Multiple Choice)
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