Business Planning and Strategy Quiz

Relying on guesswork, avoiding setting milestones, and ignoring internal weaknesses

Outsourcing all operations, setting unrealistically high goals, and ignoring competition

Diagnosing internal strengths and weaknesses, improving efficiency, and setting milestones for progress (correct)

Focusing solely on short-term gains, neglecting efficiency, and avoiding competitor analysis

To solely focus on immediate profits without long-term vision

To blindly follow industry trends without a clear strategy

To avoid competition and maintain the status quo

To figure out the best roadmap for growth and document the plan for success (correct)

To solely satisfy external stakeholders without benefiting the organization

To create unnecessary pressure on the employees and hinder productivity

To discourage innovation and maintain a stagnant work environment

To have measurable indicators of success and track the company's advancement (correct)