Strategic Planning and Organizational Performance Quiz
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Questions and Answers

What is the focus of corporate-level strategy?

  • Creating value within organizational departments
  • Identifying industries and countries for resource investment (correct)
  • Analyzing future opportunities and threats
  • Developing a plan for achieving organizational goals

    • What is the primary purpose of functional-level strategy?

  • Predicting future opportunities and threats
  • Evaluating the success of implemented strategies
  • Improving departmental ability to create value or reduce costs (correct)
  • Identifying suitable goals and courses of action for an organization

    • What is the first step in the planning process?

  • Determining the organization’s vision, mission, and goals (correct)
  • Implementing a strategy and evaluating its success
  • Identifying industries and countries for resource investment
  • Analyzing future opportunities and threats

    • Who developed the Five Forces model related to business-level strategy?

    <p>Michael Porter</p> Signup and view all the answers

    How does planning contribute to organizational performance?

    <p>By helping predict future opportunities and threats</p> Signup and view all the answers

    How do managers implement strategy and evaluate its success?

    <p>By setting objectives, implementing plans, and monitoring progress</p> Signup and view all the answers

    What is the key focus of functional-level strategy?

    <p>Improving the efficiency of specific business functions</p> Signup and view all the answers

    How do managers cluster jobs into departments and units?

    <p>By grouping similar tasks and activities together</p> Signup and view all the answers

    What is the primary purpose of organizational communication networks and channels?

    <p>To facilitate the flow of information and decision-making within the organization</p> Signup and view all the answers

    What are the components involved in designing organizational structures?

    <p>Hierarchy, span of control, and departmentalization</p> Signup and view all the answers

    How do managers implement strategy and evaluate its success?

    <p>By setting objectives, implementing plans, and measuring performance</p> Signup and view all the answers

    What are the components of human resource management?

    <p>Recruitment, selection, training, performance appraisal, and compensation</p> Signup and view all the answers

    How do managers use planning techniques to evaluate opportunities?

    <p>By conducting SWOT analysis, market research, and scenario planning</p> Signup and view all the answers

    How do managers cluster jobs into departments and units?

    <p>By grouping similar activities together to form departments based on functions</p> Signup and view all the answers

    What is the focus of corporate-level strategy?

    <p>Overall direction and scope of the entire organization</p> Signup and view all the answers

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