Podcast
Questions and Answers
What is the primary focus of strategic planning?
What is the primary focus of strategic planning?
- Exploiting and creating new opportunities for tomorrow
- Creating a vision and mission
- Optimizing today's trends for tomorrow (correct)
- Strategy formulation, implementation, and evaluation
During which period did strategic planning gain popularity?
During which period did strategic planning gain popularity?
- Mid-1980s to mid-1990s
- Mid-1970s to mid-1980s
- Mid-1960s to mid-1970s (correct)
- Mid-1950s to mid-1960s
What is the primary purpose of a strategic plan?
What is the primary purpose of a strategic plan?
- To prioritize specific markets and policies
- To act as a company's game plan (correct)
- To create a vision and mission
- To allocate resources
What is the outcome of strategic planning in the 1980s?
What is the outcome of strategic planning in the 1980s?
What is the primary goal of strategy formulation?
What is the primary goal of strategy formulation?
What is the result of strategy formulation decisions?
What is the result of strategy formulation decisions?
What is the main goal of strategic management?
What is the main goal of strategic management?
What is the difference between 'strategic management' and 'strategic planning'?
What is the difference between 'strategic management' and 'strategic planning'?
What is the art of developing, putting into practice, and assessing cross-functional decisions known as?
What is the art of developing, putting into practice, and assessing cross-functional decisions known as?
What is the moral of the story about the two company presidents and the bear?
What is the moral of the story about the two company presidents and the bear?
What is the term for the integration of marketing, finance/accounting, production/operations, research and development, and information systems with management?
What is the term for the integration of marketing, finance/accounting, production/operations, research and development, and information systems with management?
What is the purpose of strategic management?
What is the purpose of strategic management?
