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Questions and Answers
What is planning in management?
What is planning in management?
The primary management function that involves defining goals, establishing an overall strategy for achieving those goals, and developing a comprehensive hierarchy of plans to integrate and coordinate activities.
Which of the following is a criticism of formal planning?
Which of the following is a criticism of formal planning?
- Reduces uncertainty
- Focuses on long-term survival
- May create rigidity (correct)
- Enhances creativity
Planning can replace intuition and creativity.
Planning can replace intuition and creativity.
False (B)
What is the strategic management process?
What is the strategic management process?
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What does the mission of a business define?
What does the mission of a business define?
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The __________ involves defining specific goals that are to be met in a specific time period.
The __________ involves defining specific goals that are to be met in a specific time period.
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What is the importance of strategic management?
What is the importance of strategic management?
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