Podcast
Questions and Answers
What is the primary managerial activity that involves defining the organization’s goals, establishing an overall strategy, and developing plans for work activities?
What is the primary managerial activity that involves defining the organization’s goals, establishing an overall strategy, and developing plans for work activities?
- Controlling
- Formal planning (correct)
- Organizing
- Leadership
Which type of planning involves specific goals covering a specific time period, written, and shared with organizational members?
Which type of planning involves specific goals covering a specific time period, written, and shared with organizational members?
- Informal planning
- Operational planning
- Strategic planning
- Formal planning (correct)
What do goals (or objectives) provide for individuals, groups, or entire organizations?
What do goals (or objectives) provide for individuals, groups, or entire organizations?
- Communication channels
- Financial resources
- Task assignments
- Direction and performance evaluation criteria (correct)
Which type of goals are related to the expected internal financial performance of the organization?
Which type of goals are related to the expected internal financial performance of the organization?
What is the element of planning that documents how goals are to be accomplished, describes how resources are to be allocated, and establishes activity schedules?
What is the element of planning that documents how goals are to be accomplished, describes how resources are to be allocated, and establishes activity schedules?
What are the official statements of what an organization says and what it wants its stakeholders to believe called?
What are the official statements of what an organization says and what it wants its stakeholders to believe called?
Which type of plan specifies the details of how the overall goals are to be achieved and covers a short time period?
Which type of plan specifies the details of how the overall goals are to be achieved and covers a short time period?
What is the ability to recognize major external changes, commit resources quickly, and recognize when a strategic decision isn't working referred to as?
What is the ability to recognize major external changes, commit resources quickly, and recognize when a strategic decision isn't working referred to as?
Which argument against strategic planning emphasizes the focus on today’s competition?
Which argument against strategic planning emphasizes the focus on today’s competition?
What encourages leadership unity by making sure everyone is on the same page and encourages employees to be open about sharing negative information?
What encourages leadership unity by making sure everyone is on the same page and encourages employees to be open about sharing negative information?
