Strategic Planning vs Strategic Management
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Questions and Answers

What is the main focus of strategic planning?

  • Laying out long-term purpose and direction (correct)
  • Analyzing the environment and making choices
  • Implementing short-term goals
  • Reacting to events as they occur

    • Which element is part of the strategic approach?

  • Anticipating future events (correct)
  • Ignoring environmental changes
  • Reactive decision-making
  • Implementing short-term goals

    • What does strategic management involve?

  • Controlling the future environment
  • Developing strategies and means to achieve goals (correct)
  • Ignoring long-term purpose and direction
  • Reactive decision-making

    • How does the strategic approach view the future?

    <p>As uncontrollable but modifiable</p> Signup and view all the answers

    What is the primary concern of strategic management?

    <p>Long-term direction and implementation</p> Signup and view all the answers

    Which aspect is emphasized by the strategic mentality?

    <p>Anticipating future events</p> Signup and view all the answers

    According to the text, what determines the commission's level of resources?

    <p>Economic factors</p> Signup and view all the answers

    What does the strategic approach concentrate on?

    <p>Assuring fit between the environment and the commissions or Bureau</p> Signup and view all the answers

    What does the strategic approach take into account?

    <p>All components of the external environment (Political, Economic, Social, and Technological)</p> Signup and view all the answers

    Under what conditions can strategies quickly become outmoded according to the text?

    <p>Rapid political and economic changes</p> Signup and view all the answers

    What is the first step in Strategic Planning Management according to the text?

    <p>Getting organized</p> Signup and view all the answers

    Why is it advisable to pause for a moment before investing considerable effort in Strategic Planning Management according to the text?

    <p>To analyze the benefits of developing a strategic plan</p> Signup and view all the answers

    What is important before beginning Strategic Planning Management according to the text?

    <p>Getting the commitment of the leaders of the commission or Bureau</p> Signup and view all the answers

    What does the strategic approach recognize according to the text?

    <p>The need for continuous monitoring and review mechanisms</p> Signup and view all the answers

    What is emphasized by strategic thinking according to the text?

    <p>Politics and exercise of political authority</p> Signup and view all the answers

    What is determined by social factors according to the text?

    <p>Who the commission's beneficiaries will be</p> Signup and view all the answers

    Strategic management tends to cover analyzing the environment and making choices about direction and implementation. (True/False)

    <p>True</p> Signup and view all the answers

    The strategic approach consists of five main elements. (True/False)

    <p>False</p> Signup and view all the answers

    Strategic planning focuses on short-term purpose and direction. (True/False)

    <p>False</p> Signup and view all the answers

    The strategic approach recognizes that the future can be controlled. (True/False)

    <p>False</p> Signup and view all the answers

    Strategic management is primarily concerned with where the organization wants to be after a certain period. (True/False)

    <p>False</p> Signup and view all the answers

    Strategic planning management does not involve managing strategies to achieve goals and objectives. (True/False)

    <p>False</p> Signup and view all the answers

    Strategic thinking only takes into account politics and the exercise of political authority.

    <p>False</p> Signup and view all the answers

    The commission or Bureau is free to do anything they decide without any constraints from the external environment.

    <p>False</p> Signup and view all the answers

    Strategies under rapid political, economic, and social changes can never become outmoded according to the text.

    <p>False</p> Signup and view all the answers

    Strategic planning management should be undertaken without considering the expected benefits or payoffs.

    <p>False</p> Signup and view all the answers

    Commitment of department heads and key staffs is not important before beginning strategic planning management according to the text.

    <p>False</p> Signup and view all the answers

    The strategic approach is a process that does not require monitoring and review mechanisms.

    <p>False</p> Signup and view all the answers

    Before deciding to develop a strategic plan, it is not necessary to analyze and discuss the benefits the commission will gain from the plan.

    <p>False</p> Signup and view all the answers

    Strategic thinking does not recognize economic, social, and technological factors as significant components of the external environment.

    <p>False</p> Signup and view all the answers

    The strategic approach does not take into account the need to be open to changing goals and activities in light of shifting circumstances within the environment.

    <p>False</p> Signup and view all the answers

    The first step in strategic planning management is to begin without gaining the commitment of the leaders of the commission or Bureau.

    <p>False</p> Signup and view all the answers

    Study Notes

    Strategic Planning and Management

    • The main focus of strategic planning is to determine the organization's direction and purpose.
    • The strategic approach involves analyzing the environment, making choices about direction and implementation, and taking into account economic, social, and technological factors.

    Elements of Strategic Approach

    • The strategic approach consists of five main elements.
    • The strategic approach recognizes that the future is uncertain and cannot be controlled.
    • Strategies can quickly become outmoded under rapid political, economic, and social changes.

    Concerns and Emphasis of Strategic Management

    • The primary concern of strategic management is to determine where the organization wants to be after a certain period.
    • Strategic management is primarily concerned with achieving the organization's goals and objectives.
    • The strategic mentality emphasizes flexibility and adaptability to changing circumstances.

    Conditions for Strategic Planning Management

    • Before beginning strategic planning management, it is important to gain the commitment of department heads and key staff.
    • It is advisable to pause and analyze the expected benefits or payoffs of strategic planning management before investing considerable effort.
    • The commission's level of resources is determined by social factors.

    Strategic Thinking

    • Strategic thinking recognizes economic, social, and technological factors as significant components of the external environment.
    • Strategic thinking emphasizes the need to be open to changing goals and activities in light of shifting circumstances within the environment.

    Process of Strategic Planning Management

    • The first step in strategic planning management is to gain the commitment of the leaders of the commission or Bureau.
    • Strategic planning management involves managing strategies to achieve goals and objectives.
    • Strategic planning management requires monitoring and review mechanisms.
    • It is necessary to analyze and discuss the benefits the commission will gain from the plan before deciding to develop a strategic plan.

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    Description

    Test your understanding of the fundamental differences between strategic planning and strategic management, and their respective focuses. Explore the key elements of the strategic approach and its significance in organizational decision-making.

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