Developing a Strategic Plan Quiz
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Questions and Answers

What is the main focus of planning?

  • Tactics
  • Ends (correct)
  • Strategies
  • Means
  • Which type of plan covers less than one year?

  • Tactical plan
  • Standing plan
  • Short-term plan (correct)
  • Directional plan
  • What does a mission statement define?

  • Specific objectives
  • Current identity of the organization
  • Business founders' vision (correct)
  • Overall objectives
  • Which type of plan specifies the details of achieving overall objectives?

    <p>Tactical plan</p> Signup and view all the answers

    How many steps are involved in the Strategic Management Process?

    <p>9</p> Signup and view all the answers

    Which type of plan extends beyond five years?

    <p>Long-term plan</p> Signup and view all the answers

    What type of strategy focuses on developing plans to improve the efficiency of a business's operations?

    <p>Functional strategy</p> Signup and view all the answers

    Which type of strategy involves determining which market segments to target and how to differentiate from competitors?

    <p>Differentiation strategy</p> Signup and view all the answers

    At which level of the organization are Corporate strategies primarily focused?

    <p>Senior Management</p> Signup and view all the answers

    Which type of strategy plans for a company's competitive advantage in a market over its rivals?

    <p>Business strategy</p> Signup and view all the answers

    What is the primary purpose of an organization's Mission Statement?

    <p>Attract investors and customers</p> Signup and view all the answers

    Which level of management is responsible for developing Tactical Goals/Plans?

    <p>Middle Management</p> Signup and view all the answers

    What is the purpose of the Core Business Statement in a strategic plan?

    <p>To define the primary focus of the organization's operations</p> Signup and view all the answers

    Which component of a strategic plan focuses on behaviors and ideas important to the organization?

    <p>Core Values and Beliefs</p> Signup and view all the answers

    What is the purpose of assessing the internal and external environments in strategic planning?

    <p>To identify critical strategic issues</p> Signup and view all the answers

    Which part of a strategic plan involves developing detailed action plans for each strategic issue?

    <p>Operational Plans</p> Signup and view all the answers

    What is a key characteristic of Objectives as compared to Goals?

    <p>Very short statement, few words</p> Signup and view all the answers

    According to Max E. Douglas's model for writing effective objectives, what should follow the action verb?

    <p>The word 'to'</p> Signup and view all the answers

    In an Action Plan, what must be included along with Action Steps?

    <p>KPI &amp; targets</p> Signup and view all the answers

    What is an essential component of a Communications Plan?

    <p>Who is involved?</p> Signup and view all the answers

    Which statement correctly describes the time scope of Objectives?

    <p>Covers short time period (such as 1 year budget cycle)</p> Signup and view all the answers

    What is a defining feature of writing effective objectives according to Max E. Douglas's model?

    <p>(To, action verb, specific result, target date)</p> Signup and view all the answers

    What is the main focus of the faculty of pharmacy according to the text?

    <p>Providing patient-centered education</p> Signup and view all the answers

    In the context of the text, what does 'Equité' refer to as a core value of the faculty?

    <p>Fairness</p> Signup and view all the answers

    What is a key objective of the faculty's education strategy?

    <p>Delivering diverse and patient-centered education</p> Signup and view all the answers

    What role does the faculty of pharmacy aim to play with respect to healthcare reform in the country as per the text?

    <p>Serving as a key partner for healthcare professionals</p> Signup and view all the answers

    Which value does the faculty emphasize by stating 'Suprématie de la dimension humaine au détriment du profit matériel'?

    <p>Humanitarian concerns over financial gains</p> Signup and view all the answers

    What would be a possible outcome if the faculty fails to ensure an 'Education efficace, efficiente et innovante'?

    <p>Inability to meet healthcare needs of society</p> Signup and view all the answers

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