Exam 8: Planning Processes and Techniques

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___ keeps making long-range planning shorter and shorter.

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C

What are the five characteristics that great goals tend to have?

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Great goals tend to have the following five characteristics:
Specific-clearly targeted key results and outcomes to be accomplished.
Timely-linked to specific timetables and "due dates."
Measurable-described so results can be measured without ambiguity.
Challenging-include a stretch factor that moves toward real gains.
Attainable-although challenging, realistic and possible to achieve.

Which of the following is true of participatory planning?

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D

Even though participatory planning takes more time, it can improve results by improving implementation.

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Contingency planning identifies alternative courses of action that can be implemented to meet the needs of changing circumstances.

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___ indicate how different operations within the organization will help advance the overall strategy.

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To be "over budget" is generally considered bad for a company or an individual; to come in "under budget" is generally good.

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The use of participatory planning can produce all the following benefits except

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Strategic plans ideally set forth the goals and objectives needed to accomplish the organization's vision in terms of mission or purpose and what it hopes to be in the future.

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Describe the benefits of planning for individuals and organizations.

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While participation in the planning process can increase the amount of time spent in planning, it nonetheless can enhance results by improving implementation.

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Management by objectives (MBO) is a structured process of regular communication in which a supervisor/team leader and subordinates/team members jointly set performance objectives and review results accomplished.

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___ are often found in employee manuals as standard operating procedures.

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Scenario planning is a short-term version of contingency planning.

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An organization's vision clarifies the purpose of the organization and expresses what it hopes to be in the future.

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Using mathematical and statistical analyses of historical data and surveys to predict future events is called quantitative forecasting.

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Assume that you and your professor use MBO to establish objectives for your performance in a course and to monitor your progress on achieving those objectives. Explain how the MBO process could work in this situation. What types of objectives would be set? How would objective attainment be assessed?

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Contingency planning focuses on early identification of possible shifts in future events.

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Contingency planning occurs when planners decide the future will be identical to the past.

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___ budgets allocate resources like labour, equipment, and space.

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