Business Studies: Planning and Organising
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Questions and Answers

A company is developing a five-year expansion strategy. Which type of planning is MOST applicable in this scenario?

  • Strategic planning (correct)
  • Tactical planning
  • Operational planning
  • Contingency planning

Which of the following BEST describes the primary purpose of the 'organising' function in management?

  • Monitoring employee satisfaction and resolving conflicts.
  • Forecasting future trends and developing contingency plans.
  • Arranging resources and activities to achieve planned goals. (correct)
  • Setting performance standards and taking corrective action.

Variance analysis is a key component of which management function?

  • Planning
  • Directing
  • Organising
  • Controlling (correct)

A manager is giving regular feedback to their team members, offering guidance, and resolving interpersonal conflicts. Which management function does this scenario MOST closely relate to?

<p>Directing (C)</p> Signup and view all the answers

Which analysis framework considers political, economic, social, technological, legal, and environmental factors?

<p>PESTLE analysis (B)</p> Signup and view all the answers

What is the MOST direct benefit of effective planning for an organization?

<p>It provides a roadmap and reduces uncertainty. (D)</p> Signup and view all the answers

What is the PRIMARY focus of 'tactical planning' within a business context?

<p>Determining short-term actions to achieve strategic goals. (C)</p> Signup and view all the answers

Which element of the business environment is MOST closely associated with changes in interest rates and inflation?

<p>Economic (B)</p> Signup and view all the answers

In the context of organizational structure, what does 'span of control' refer to?

<p>The number of subordinates a manager can effectively supervise. (B)</p> Signup and view all the answers

What is the MOST significant role of 'communication' in the directing function of management?

<p>To effectively convey information and foster understanding among employees. (D)</p> Signup and view all the answers

Flashcards

Planning

Setting goals and determining how to achieve them.

Organising

Arranging resources and activities to achieve planned goals.

Controlling

Monitoring performance and correcting deviations.

Directing

Leading, motivating, and communicating with employees.

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Strategic Planning

Setting long-term goals and directions for the organization.

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Tactical Planning

Short-term actions to achieve strategic goals.

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Operational Planning

Day-to-day activities to support tactical plans.

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Business Environment

Internal and external factors affecting a company's operations.

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PESTLE Analysis

Examining political, economic, social, technological, legal, and environmental factors.

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SWOT Analysis

Assessing a company's strengths, weaknesses, opportunities, and threats.

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Description

Explore the core concepts of planning and organising within business studies. Learn how to set goals, develop strategies, and arrange resources effectively. Discover the importance of planning in mitigating risks and the role of organising in achieving business objectives.

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