Podcast
Questions and Answers
A small business is typically defined as having more employees and higher revenue compared to larger firms.
A small business is typically defined as having more employees and higher revenue compared to larger firms.
False
Strategic planning helps define the direction a company will take in the next three to five years.
Strategic planning helps define the direction a company will take in the next three to five years.
True
Micro, small and medium enterprises are considered the backbone of the Philippine economy.
Micro, small and medium enterprises are considered the backbone of the Philippine economy.
True
Small businesses have limited resources, limited access to capital, and are not at a competitive disadvantage.
Small businesses have limited resources, limited access to capital, and are not at a competitive disadvantage.
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One advantage of small businesses is the ability to offer personal ongoing service to customers.
One advantage of small businesses is the ability to offer personal ongoing service to customers.
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Strategic planning helps small business organizations identify their available resources for maximum benefit.
Strategic planning helps small business organizations identify their available resources for maximum benefit.
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The first step in the strategic planning process is to prioritize objectives.
The first step in the strategic planning process is to prioritize objectives.
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Developing a plan is the third step in the strategic planning process.
Developing a plan is the third step in the strategic planning process.
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Executing and managing the plan is the last step in the strategic planning process.
Executing and managing the plan is the last step in the strategic planning process.
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One of the benefits of strategic planning is to establish direction for the business.
One of the benefits of strategic planning is to establish direction for the business.
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