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?

    <p>Determining which customers to serve, when to serve them, and what products to sell</p> Signup and view all the answers

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

    <p>Operational Planning</p> Signup and view all the answers

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

    <p>Preparing for unexpected events or circumstances</p> Signup and view all the answers

    What is the primary focus of operational planning?

    <p>Specific department managers and individual employees</p> Signup and view all the answers

    What is the purpose of contingency planning?

    <p>To anticipate and prepare for changes in the environment</p> Signup and view all the answers

    What is crisis planning a part of?

    <p>Contingency planning</p> Signup and view all the answers

    What is the rational decision-making model used for?

    <p>To make logical and well-founded decisions</p> Signup and view all the answers

    What is brainstorming used for in problem solving?

    <p>To come up with as many solutions as possible in a short period of time</p> Signup and view all the answers

    What is the difference between decision making and problem solving?

    <p>Decision making is more formal, while problem solving is less formal</p> Signup and view all the answers

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