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Strategic Planning: SWOT Analysis

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Questions and Answers

What is the primary purpose of Strategic Planning in an organization?

To set work standards and schedules

To develop detailed, short-term statements about what is to be done

To determine the major goals and policies of the organization (correct)

To analyze the organization's Strengths, Weaknesses, Opportunities, and Threats

What is the primary focus of Tactical Planning in an organization?

Setting work standards and schedules

Determining the major goals and policies of the organization

Analyzing the organization's Strengths, Weaknesses, Opportunities, and Threats

Setting annual budgets and deciding on other activities (correct)

What is the primary goal of SWOT Analysis in an organization?

To develop a strategic plan for the organization

To set work standards and schedules

To analyze the organization's Strengths, Weaknesses, Opportunities, and Threats (correct)

To set annual budgets and decide on other activities

What is the primary responsibility of top managers in the strategic planning stage?

Determining which customers to serve, when to serve them, and what products to sell (A) Signup and view all the answers

What type of planning involves setting work standards and schedules necessary to implement the company's tactical objectives?

Operational Planning (C) Signup and view all the answers

What is the primary focus of Contingency Planning in an organization?

Preparing for unexpected events or circumstances (C) Signup and view all the answers

What is the primary focus of operational planning?

Specific department managers and individual employees (C) Signup and view all the answers

What is the purpose of contingency planning?

To anticipate and prepare for changes in the environment (D) Signup and view all the answers

What is crisis planning a part of?

Contingency planning (D) Signup and view all the answers

What is the rational decision-making model used for?

To make logical and well-founded decisions (C) Signup and view all the answers

What is brainstorming used for in problem solving?

To come up with as many solutions as possible in a short period of time (C) Signup and view all the answers

What is the difference between decision making and problem solving?

Decision making is more formal, while problem solving is less formal (D) Signup and view all the answers