Mastering Strategic Planning
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Questions and Answers

Which of the following best describes strategic planning?

  • The process of implementing a plan of action for attaining long-term goals
  • The process of evaluating an enterprise's environment and internal strengths (correct)
  • The process of promoting adaptability in a company
  • The process of setting short-term goals for a company
  • What is the main goal of the Marks and Spencer Plan A?

  • To switch from plastic to glass bottles
  • To make the company more environmentally friendly (correct)
  • To reduce waste and recycle materials
  • To promote sustainability in the retail industry
  • What is one of the key areas of focus in the Marks and Spencer Plan A?

  • Customer Satisfaction
  • Employee Training & Development
  • Waste & Circular Economy (correct)
  • Financial Performance
  • Why did Marks and Spencer switch from using plastic milk bottles to glass bottles?

    <p>Glass is easier to recycle than Plastic</p> Signup and view all the answers

    Why do companies undertake strategic planning?

    <p>To define their goals and assess their environment</p> Signup and view all the answers

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