Podcast
Questions and Answers
What is the primary purpose of a plan in an organizational context?
What is the primary purpose of a plan in an organizational context?
- To develop a company-wide strategic mission
- To create a contingency response to unexpected events
- To provide a sense of direction and purpose for the team's efforts (correct)
- To establish a department's daily tasks
What type of plan would provide guidance on how to respond to unexpected events?
What type of plan would provide guidance on how to respond to unexpected events?
- Strategic plan
- Operational plan
- Business plan
- Contingency plan (correct)
What is the first step in developing an operational plan?
What is the first step in developing an operational plan?
- Acquire necessary information
- Establish a department's daily tasks
- Develop a concept of business operation (correct)
- Define the challenges
What is the primary benefit of having an entire department buy-in to an operational plan?
What is the primary benefit of having an entire department buy-in to an operational plan?
What is the primary focus of a business plan?
What is the primary focus of a business plan?
What is a key benefit of operational planning?
What is a key benefit of operational planning?
What is the first step in developing an operational plan?
What is the first step in developing an operational plan?
What type of indicators should be used in an operational plan?
What type of indicators should be used in an operational plan?
Why should key performance indicators (KPIs) not be developed in a vacuum?
Why should key performance indicators (KPIs) not be developed in a vacuum?
What is the purpose of an operational plan?
What is the purpose of an operational plan?
How often should an operational plan be developed?
How often should an operational plan be developed?
What is the primary purpose of setting KPIs in an operational plan?
What is the primary purpose of setting KPIs in an operational plan?
Who is responsible for executing the strategic plan?
Who is responsible for executing the strategic plan?
What is the primary benefit of using project planning software in an operational plan?
What is the primary benefit of using project planning software in an operational plan?
What is the recommended approach to setting KPIs in a small team?
What is the recommended approach to setting KPIs in a small team?
What is the primary source of budget for an operational plan?
What is the primary source of budget for an operational plan?
What is the primary purpose of a Product or Service Description in a marketing study?
What is the primary purpose of a Product or Service Description in a marketing study?
What are the characteristics of a service according to Mendiola, Tanchingco, and Agustin (2017)?
What are the characteristics of a service according to Mendiola, Tanchingco, and Agustin (2017)?
What is the term used to describe the study of demographics, lifestyle, behavior, occasion, and usage in market segmentation?
What is the term used to describe the study of demographics, lifestyle, behavior, occasion, and usage in market segmentation?
What is the primary focus of the target market identification section in a marketing research?
What is the primary focus of the target market identification section in a marketing research?
What is the purpose of guidelines for the conduct of research in a marketing study?
What is the purpose of guidelines for the conduct of research in a marketing study?
What is the characteristic of a product according to Mendiola, Tanchingco, and Agustin (2017)?
What is the characteristic of a product according to Mendiola, Tanchingco, and Agustin (2017)?
What is the main difference between a private sector organization and a public sector organization?
What is the main difference between a private sector organization and a public sector organization?
What is the primary purpose of operational goals and objectives?
What is the primary purpose of operational goals and objectives?
What is the characteristic of a well-defined task?
What is the characteristic of a well-defined task?
What is the primary benefit of using a Gantt chart?
What is the primary benefit of using a Gantt chart?
What is the purpose of a human resource capability matrix?
What is the purpose of a human resource capability matrix?
What is the primary purpose of Key Performance Indicators (KPIs)?
What is the primary purpose of Key Performance Indicators (KPIs)?
Flashcards are hidden until you start studying
