Mastering Planning and Strategizing in Organizational Management
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Questions and Answers

Which of the following best describes planning in an organization?

  • A process to evaluate opportunities and threats
  • A process to set goals and select suitable actions (correct)
  • A process to implement strategy and evaluate success
  • A process to differentiate among corporate, business, and functional strategies
  • What is the purpose of an organizational plan?

  • To evaluate opportunities and threats
  • To differentiate among corporate, business, and functional strategies
  • To identify and select suitable goals and courses of action (correct)
  • To implement strategy and evaluate success
  • What is a strategy in the context of planning?

  • A differentiation among corporate, business, and functional strategies
  • A process to evaluate opportunities and threats
  • A cluster of decisions and actions taken by managers (correct)
  • A process to set goals and select suitable actions
  • What are the three levels of strategies in an organization?

    <p>Corporate-level, business-level, and functional-level</p> Signup and view all the answers

    How do managers evaluate the success of a strategy?

    <p>By implementing strategy and evaluating success</p> Signup and view all the answers

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