Podcast
Questions and Answers
What does the planning process involve?
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?
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?
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?
How do business-level strategies provide a competitive advantage?
What does the organizational plan resulting from the planning process detail?
What does the organizational plan resulting from the planning process detail?
Flashcards are hidden until you start studying