Management Planning: Goals, Approaches, and Contemporary Issues

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What is the nature and purpose of planning according to the text?

Discussing contemporary issues in planning
Developing plans for organizational work activities
Classifying the types of goals organizations might have
Defining the organization's goals and establishing an overall strategy (correct)

What does formal planning involve?

Classifying the types of goals organizations might have
Establishing an overall strategy for achieving those goals
Specific goals covering a specific time period (correct)
Developing plans for organizational work activities

Which activity is regarded as a primary managerial activity according to the text?

Discussing contemporary issues in planning
Goal-setting and planning (correct)
Classifying the types of goals organizations might have
Defining the organization's goals

What is the focus of planning?

Defining the organization's goals and establishing an overall strategy (A) Signup and view all the answers

Which of the following is an essential part of formal planning?

Written and shared with organizational members (D) Signup and view all the answers

Involving defining the organization's goals and establishing an overall strategy, which managerial activity does this refer to?

Planning (D) Signup and view all the answers

What is one of the purposes of planning according to the text?

Reduce uncertainty (C) Signup and view all the answers

Formal planning is associated with which of the following financial outcomes?

Higher profits and returns on assets (A) Signup and view all the answers

What do goals (or objectives) provide according to the text?

Direction and evaluation performance criteria (B) Signup and view all the answers

Which type of plan establishes the organization’s overall goals and seeks to position it in terms of its environment?

Strategic plans (B) Signup and view all the answers

What is the time frame for long-term plans according to the text?

Time frames extending beyond three years (A) Signup and view all the answers

What do financial goals relate to according to the text?

Expected internal financial performance of the organization (D) Signup and view all the answers

What do operational plans specify according to the text?

Details of how the overall goals are to be achieved (C) Signup and view all the answers

What are the elements of planning according to the text?

Goals and Plans (C) Signup and view all the answers

What do strategic goals relate to according to the text?

Performance of the firm relative to factors in its external environment (e.g., competitors) (D) Signup and view all the answers

What do strategic plans cover according to the text?

Extended periods of time (B) Signup and view all the answers

What is the primary focus of planning as described in the text?

Defining the organization's goals and establishing an overall strategy (B) Signup and view all the answers

What characterizes formal planning according to the text?

Specific goals covering a specific time period and shared with organizational members (D) Signup and view all the answers

Which of the following is a key element of planning, based on the text?

Defining the organization's goals and establishing an overall strategy (C) Signup and view all the answers

What do operational plans primarily specify according to the text?

Specific time-bound goals (C) Signup and view all the answers

Which activity is regarded as a primary managerial activity according to the text?

Developing plans for organizational work activities (A) Signup and view all the answers

What is the purpose of formal planning, according to the text?

To establish an overall strategy for achieving those goals (B) Signup and view all the answers

What is the purpose of planning as mentioned in the text?

Reducing uncertainty (D) Signup and view all the answers

What do operational plans specify according to the text?

Details of how the overall goals are to be achieved (C) Signup and view all the answers

What do strategic goals relate to according to the text?

Performance of the firm relative to factors in its external environment (A) Signup and view all the answers

What is the time frame for long-term plans according to the text?

Three years (B) Signup and view all the answers

Which of the following is an essential part of formal planning?

Quality of planning and implementation (A) Signup and view all the answers

What is one of the purposes of formal planning according to the text?

Minimizing waste (B) Signup and view all the answers

What do goals (or objectives) provide according to the text?

Direction and evaluation performance criteria (C) Signup and view all the answers

What do strategic plans cover according to the text?

Extended periods of time (A) Signup and view all the answers

What are the elements of planning according to the text?

Desired outcomes and documents outlining how goals are to be accomplished (B) Signup and view all the answers

Formal planning is associated with which of the following financial outcomes?

Higher profits and returns on assets (D) Signup and view all the answers

Management Planning: Goals, Approaches, and Contemporary Issues

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Questions and Answers

What is the nature and purpose of planning according to the text?

What does formal planning involve?

Which activity is regarded as a primary managerial activity according to the text?

What is the focus of planning?

Which of the following is an essential part of formal planning?

Involving defining the organization's goals and establishing an overall strategy, which managerial activity does this refer to?

What is one of the purposes of planning according to the text?

Formal planning is associated with which of the following financial outcomes?

What do goals (or objectives) provide according to the text?

Which type of plan establishes the organization’s overall goals and seeks to position it in terms of its environment?

What is the time frame for long-term plans according to the text?

What do financial goals relate to according to the text?

What do operational plans specify according to the text?

What are the elements of planning according to the text?

What do strategic goals relate to according to the text?

What do strategic plans cover according to the text?

What is the primary focus of planning as described in the text?

What characterizes formal planning according to the text?

Which of the following is a key element of planning, based on the text?

What do operational plans primarily specify according to the text?

Which activity is regarded as a primary managerial activity according to the text?

What is the purpose of formal planning, according to the text?

What is the purpose of planning as mentioned in the text?

What do operational plans specify according to the text?

What do strategic goals relate to according to the text?

What is the time frame for long-term plans according to the text?

Which of the following is an essential part of formal planning?

What is one of the purposes of formal planning according to the text?

What do goals (or objectives) provide according to the text?

What do strategic plans cover according to the text?

What are the elements of planning according to the text?

Formal planning is associated with which of the following financial outcomes?

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