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

How many steps are involved in the Strategic Management Process?

<p>9 (C)</p> Signup and view all the answers

Which type of plan extends beyond five years?

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

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

<p>Senior Management (C)</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 (D)</p> Signup and view all the answers

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

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

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

<p>Middle Management (A)</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 (C)</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 (D)</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 (A)</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 (C)</p> Signup and view all the answers

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

<p>Very short statement, few words (B)</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' (C)</p> Signup and view all the answers

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

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

What is an essential component of a Communications Plan?

<p>Who is involved? (A)</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) (B)</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) (B)</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 (A)</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 (A)</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 (A)</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 (B)</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 (A)</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 (B)</p> Signup and view all the answers

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