18 Questions
What is the primary goal of strategic planning in an organization?
To determine the major goals of the organization and the policies and strategies for obtaining and using resources
At which management level is strategic planning typically carried out?
Top management levels
What is the outcome of planning, which provides a methodical way of achieving desired results?
A plan
What happens when opportunity meets planning, according to Thomas Edison?
Good fortune
What is the primary output of strategic planning?
The strategic plan
Which of the following definitions of planning is attributed to Aldag and Stearns?
The selection and sequential ordering of tasks required to achieve an organizational goal
What is the purpose of planning, according to the text?
To provide a methodical way of achieving desired results
What level of management is responsible for determining subunit contributions with allocated resources?
Middle Management
What is the primary purpose of intermediate planning?
To support the strategic plan
What is the outcome of intermediate planning?
An intermediate plan
What is the relationship between intermediate planning and the strategic plan?
The intermediate plan supports the strategic plan
What is the scope of goals outlined in the strategic plan?
Long-term goals
What is the primary component of a company's strategic plan?
Company or corporate mission
What is a common barrier to planning, according to Plunkett and Attner?
All of the above
What is a key aspect of the planning process, according to the text?
Recognizing planning barriers
What is an example of a functional area plan, according to the text?
All of the above
What is the purpose of recognizing planning barriers, according to the text?
To make planning successful
What should be included in a company's financial plan, according to the text?
Analysis of the firm's current financial condition
Test your understanding of planning in management, including the definition of planning, planning at various management levels, the planning process, and types of plans. Learn how to make planning effective in this quiz.
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