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Questions and Answers
What are the characteristics of objectives in the objective formulation stage of planning?
What are the characteristics of objectives in the objective formulation stage of planning?
- Specific, measurable, attainable, result-oriented, time-bound (correct)
- Specific, variable, achievable, result-oriented, time-bound
- General, measurable, attainable, resource-oriented, time-bound
- General, variable, achievable, resource-oriented, time-bound
Which approach involves implementing a new action and stopping the old action it will replace?
Which approach involves implementing a new action and stopping the old action it will replace?
- Parallel Conversion
- Pilot Conversion
- Direct Conversion (Turnkey) (correct)
- Phase-in/Phase-out Conversion
What does the 'Situation Appraisal' stage of planning involve?
What does the 'Situation Appraisal' stage of planning involve?
- Strengthening strengths and weakening weaknesses
- Matching weaknesses and threats with strengths or opportunities
- Translating schemes into actions
- Conducting a prognosis and diagnosis (correct)
Which conversion approach involves operating the old and new action simultaneously?
Which conversion approach involves operating the old and new action simultaneously?
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Which conversion approach is recommended for organizations with homogeneous parts?
Which conversion approach is recommended for organizations with homogeneous parts?
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Which disadvantage is associated with the Phase-in/Phase-out Conversion approach?
Which disadvantage is associated with the Phase-in/Phase-out Conversion approach?
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What does a business model entail?
What does a business model entail?
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Why is planning criticized in strategic management?
Why is planning criticized in strategic management?
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In the Strategic Management Process, what does external analysis involve?
In the Strategic Management Process, what does external analysis involve?
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What does 'internal analysis strength' refer to?
What does 'internal analysis strength' refer to?
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