Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

10 Questions

6 Views

Strategy vs Planning

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the difference between planning and strategy?

There is no difference between planning and strategy

Planning is about activities, while strategy is about choices (correct)

Planning is about choices, while strategy is about activities

Planning and strategy are the same thing

What is the main purpose of strategic planning in the world of business?

To open new plants

To have a strategy (correct)

To improve customer experience

To start talent development programs

What does a strategy need to be in order to be considered great?

Based on theory

Better than anyone else's

Coherent and doable (correct)

Translatable into actions

What is one characteristic of a great leader in strategy?

Accepting the fact that you can't be perfect in strategy Signup and view all the answers

What is the benefit of laying out the logic of a strategy clearly, according to the text?

To refine the strategy as you go along Signup and view all the answers

How does the text suggest approaching strategy planning?

By having a single-page strategy document Signup and view all the answers

What is the main difference between planning and strategy?

Planning is more comfortable because it involves controlling costs, while strategy is more challenging because it involves achieving a competitive outcome. Signup and view all the answers

What did Southwest Airlines' strategy focus on?

Flying point to point instead of hub and spoke, using only one type of aircraft, not offering meals on short flights, and encouraging online bookings. Signup and view all the answers