Historical Development of Engineering Management Planning
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Questions and Answers

What is considered the most important of the identified managerial functions?

  • Organizing
  • Planning (correct)
  • Controlling
  • Leading

    • According to Amos and Sarchet, what is planning simply defined as?

  • Controlling in advance
  • Leading in advance
  • Deciding in advance (correct)
  • Organizing in advance

    • Which function must logically precede doing based on the provided text?

  • Leading
  • Controlling
  • Planning (correct)
  • Organizing

    • What is strategic planning according to the text?

    <p>A process to define and develop effective strategies</p> Signup and view all the answers

    In the planning/decision-making process, what does the vision statement represent?

    <p>A goal setting of where you want to be in the future</p> Signup and view all the answers

    What is the logical method for solving problems known as depending on the application?

    <p>The planning process</p> Signup and view all the answers

    What is the main difference between goals and objectives?

    <p>Goals are general intentions, while objectives are specific actions.</p> Signup and view all the answers

    Which statement best describes a mission statement?

    <p>A mission statement outlines the core purpose and focus of a company's current activities.</p> Signup and view all the answers

    What does SWOT analysis stand for in strategic planning?

    <p>Strengths, Weaknesses, Opportunities, Threats</p> Signup and view all the answers

    What is the main purpose of forecasting in planning?

    <p>To predict future events or conditions for planning purposes.</p> Signup and view all the answers

    Which forecasting method involves adjusting for optimism and pessimism of the sales force?

    <p>Sales Force Composite</p> Signup and view all the answers

    What defines strategic planning in an organization?

    <p>The strategy defining how an organization plans to move from its current state to its envisioned future state.</p> Signup and view all the answers

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