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Organizational Strategy and the Strategic Planning Cycle Quiz

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Organizational Strategy and the Strategic Planning Cycle Quiz

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Questions and Answers

Which of the following is NOT a factor that influences the development of organizational strategy?

Government regulations

Employee preferences (correct)

Customer requests

Market dynamics

What is the purpose of linking portfolio management to organizational strategy?

To establish a balanced operational plan (correct)

To align with government regulations

To maximize shareholder value

To minimize competition

What does the strategic planning cycle involve?

Translating vision and mission into a strategic plan (correct)

Analyzing competitor plans and actions

Maximizing shareholder value

Executing organizational initiatives

What are the organizational initiatives influenced by?

All of the above (D) Signup and view all the answers

How are programs formally authorized in an organization?

By means of initiative selection and authorization process (A) Signup and view all the answers

What does OPM do to align the organization with strategy?

Maximizes the delivery of strategy (C) Signup and view all the answers

What is the purpose of aligning the strategic goals of the organization with operations?

To ensure optimum assignment of talent, knowledge, and capital resources (C) Signup and view all the answers

What does OPM deploy for the creation and delivery of strategic business results?

Portfolio of programs and projects (D) Signup and view all the answers