Managerial Planning and Strategy Quiz

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Questions and Answers

What does the planning process involve?

  • Identifying and selecting appropriate goals and courses of action for an organization (correct)
  • Selecting inappropriate goals for an organization
  • Setting short-term goals only
  • Implementing strategies without setting goals

What is the purpose of corporate-level strategies?

  • To strengthen a company’s business-level strategy and competitive advantage (correct)
  • To eliminate competitive advantage
  • To weaken a company’s business-level strategy
  • To maintain the status quo

What is the role of managers in implementing strategies?

  • Achieving an organization’s mission and goals (correct)
  • Creating unnecessary obstacles
  • Delaying the implementation of strategies
  • Ignoring the organization’s mission and goals

How do business-level strategies provide a competitive advantage?

<p>By giving an organization a competitive advantage that may lead to superior performance (B)</p> Signup and view all the answers

What does the organizational plan resulting from the planning process detail?

<p>The goals and specific strategies managers will implement to attain those goals (C)</p> Signup and view all the answers

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