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Questions and Answers
What are the three main steps of the planning process?
What are the three main steps of the planning process?
- Setting goals, mobilizing resources, and predicting the future
- Identifying, selecting goals, and predicting the future
- Setting goals, implementing strategies, and mobilizing resources (correct)
- Identifying, selecting goals, and implementing strategies
What is the purpose of business-level strategies?
What is the purpose of business-level strategies?
- To provide a competitive advantage (correct)
- To predict future contingencies
- To strengthen corporate-level strategies
- To mobilize organizational resources
What is the role of managers in implementing strategies?
What is the role of managers in implementing strategies?
- Predicting future contingencies
- Strengthening corporate-level strategies
- Achieving organizational mission and goals (correct)
- Selecting appropriate goals
What does the organizational plan resulting from the planning process include?
What does the organizational plan resulting from the planning process include?
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How do corporate-level strategies strengthen a company's business-level strategy?
How do corporate-level strategies strengthen a company's business-level strategy?
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