Strategic Planning and Organizational Performance Quiz

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What is the focus of corporate-level strategy?

Identifying industries and countries for resource investment

What is the primary purpose of functional-level strategy?

Improving departmental ability to create value or reduce costs

What is the first step in the planning process?

Determining the organization’s vision, mission, and goals

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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