32 Questions
What is the nature and purpose of planning according to the text?
Defining the organization's goals and establishing an overall strategy
What does formal planning involve?
Specific goals covering a specific time period
Which activity is regarded as a primary managerial activity according to the text?
Goal-setting and planning
What is the focus of planning?
Defining the organization's goals and establishing an overall strategy
Which of the following is an essential part of formal planning?
Written and shared with organizational members
Involving defining the organization's goals and establishing an overall strategy, which managerial activity does this refer to?
Planning
What is one of the purposes of planning according to the text?
Reduce uncertainty
Formal planning is associated with which of the following financial outcomes?
Higher profits and returns on assets
What do goals (or objectives) provide according to the text?
Direction and evaluation performance criteria
Which type of plan establishes the organization’s overall goals and seeks to position it in terms of its environment?
Strategic plans
What is the time frame for long-term plans according to the text?
Time frames extending beyond three years
What do financial goals relate to according to the text?
Expected internal financial performance of the organization
What do operational plans specify according to the text?
Details of how the overall goals are to be achieved
What are the elements of planning according to the text?
Goals and Plans
What do strategic goals relate to according to the text?
Performance of the firm relative to factors in its external environment (e.g., competitors)
What do strategic plans cover according to the text?
Extended periods of time
What is the primary focus of planning as described in the text?
Defining the organization's goals and establishing an overall strategy
What characterizes formal planning according to the text?
Specific goals covering a specific time period and shared with organizational members
Which of the following is a key element of planning, based on the text?
Defining the organization's goals and establishing an overall strategy
What do operational plans primarily specify according to the text?
Specific time-bound goals
Which activity is regarded as a primary managerial activity according to the text?
Developing plans for organizational work activities
What is the purpose of formal planning, according to the text?
To establish an overall strategy for achieving those goals
What is the purpose of planning as mentioned in the text?
Reducing uncertainty
What do operational plans specify according to the text?
Details of how the overall goals are to be achieved
What do strategic goals relate to according to the text?
Performance of the firm relative to factors in its external environment
What is the time frame for long-term plans according to the text?
Three years
Which of the following is an essential part of formal planning?
Quality of planning and implementation
What is one of the purposes of formal planning according to the text?
Minimizing waste
What do goals (or objectives) provide according to the text?
Direction and evaluation performance criteria
What do strategic plans cover according to the text?
Extended periods of time
What are the elements of planning according to the text?
Desired outcomes and documents outlining how goals are to be accomplished
Formal planning is associated with which of the following financial outcomes?
Higher profits and returns on assets
Test your understanding of the nature and purpose of planning, types of organizational goals and plans, approaches to goal-setting and planning, and contemporary issues in planning based on the Eleventh Edition of Management by Stephen P. Robbins & Mary Coulter.
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