FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 4: Managing Planning and Strategy

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 1

Multiple Choice

Review LaterAdd Note

Review Later

Which of the following is a general guide to action?

A) Procedures
B) Policies
C) Standard operating procedures
D) Rules
E) Standing plans

Correct Answer

verified

Show Answer

Question 2

True/False

Review LaterAdd Note

Review Later

Crisis management is the same as contingency planning.

Correct Answer

verified

Show Answer

Question 3

Multiple Choice

Review LaterAdd Note

Implementing strategy may require:

Planning gives managers a sense of direction and purpose.

All functional managers should pay attention to all of the following goals,except?

Corporate and business-level plans are generally short term relative to functional level plans.

A differentiation strategy is one in which the managers try to distinguish the organization's product from the products of competitors.

When a company generates multiple forecasts of future conditions followed by an analysis of how to respond effectively to each of those conditions,this is known as:

A mission statement is a broad declaration of an organization's overriding purpose intended to identify its products and customers and distinguish itself from other similar organizations.

A functional-level strategy to accomplish the goal of reducing costs in the production department,might be to invest in state-of-the-art European facilities.

Plans with a time horizon between one and five years are referred to as:

The organization's vision is generally set by:

An example of contingency planning is when shell oil generated multiple scenarios about conditions in the world oil market that might prevail in the future,and then developed plans of what the company should do in the event that any of these scenarios actually occurred.

A ______________ is a broad declaration of an organization's overriding purpose intended to identify its products and customers and distinguish itself from other similar organizations.

Plans with a time horizon of five years or more are referred to as:

Discuss time horizons in terms of long-term plans,intermediate plans,and short-term plans and provide one example of each type of plan.

A SWOT analysis begins with an examination of the internal dynamics of the organization.

Crisis management:

Through the use of a ________,managers try to gain a competitive advantage by driving the organization's costs down below the cost of its rivals.

In general,corporate-level planning is the primary responsibility of top management while business-level planning is the primary responsibility of supervisors.