Question 1

Define leverage in the context of strategic planning.

Accepted Answer

In the context of strategic pl...

Question 2

If a company identifies an external opportunity that it cannot pursue due to an internal weakness,this is considered a:

Accepted Answer

A)  Leverage
B)  Constraint
C)  Vulnerability
D)  Problem

Question 3

In order to ensure that strategy cascades down the organization and leads to concrete actions,which of the following must be done?

Accepted Answer

A)  A conscious effort must be made to link the strategic plan with individual performance.
B)  Company executives must mandate that employees follow the plan.
C)  Employees must be involved in making the plan.
D)  Supervisors must be able to evaluate how well an employee is following the plan.

Question 4

A description of what the organization would like to become in the future is called:

Accepted Answer

A)  The mission statement
B)  The organizational plan
C)  The strategic plan
D)  The vision statement

Question 5

A problem is a situation where an external threat can be compensated by strengths in other areas.

Accepted Answer

A) True 
 B)False

Question 6

Leverage is a combination of an opportunity in the external environment and a matching strength in the organization.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is a purpose served by strategic planning?

Accepted Answer

A)  Helps define the organization's identity
B)  Enhances ability to adapt to environmental changes
C)  Allows for the consideration of new options and opportunities
D)  All of the above

Question 8

___________________ are the descriptions of game plans to reach the stated objectives.

Accepted Answer

A)  Mission statements
B)  Strategies
C)  Goals
D)  Vision statements

Question 9

A gap analysis consists of pairing strengths/weaknesses with opportunities/threats and determining whether the situation is conducive to positive outcomes,negative outcomes,or a mixture of both.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is a purpose served by strategic planning?

Accepted Answer

A)  Allows an organization to increase profit
B)  Allows an organization to reduce overhead cost
C)  Allows an organization to find the best employees
D)  Allows an organization to produce an organizational culture of cooperation

Question 11

The strategic planning process consists of all of the following EXCEPT:

Accepted Answer

A)  An environmental analysis
B)  Development of the marketing plan
C)  Creation of a mission statement
D)  Setting organizational goals

Question 12

Job descriptions should focus only on an individual's tasks and responsibilities.

Accepted Answer

A) True 
 B)False

Question 13

Provide an example of the first way of achieving strategic consensus.

Accepted Answer

percent permanent sa...

Question 14

_______________________ analyzes the external environment vis-à-vis the internal environment.

Accepted Answer

A)  Business analysis
B)  Environmental analysis
C)  Gap analysis
D)  Opportunity analysis

Question 15

List the characteristics of a good vision statement.

Accepted Answer

The characteristics of a good vision sta...

Exam 3: Performance Management and Strategic Planning

The strategic planning process consists of all of the following EXCEPT:

Correct Answer
verified

If a company identifies an external opportunity that it cannot pursue due to an internal weakness,this is considered a:

Correct Answer
verified

Which of the following is a purpose served by strategic planning?

Correct Answer
verified

A gap analysis consists of pairing strengths/weaknesses with opportunities/threats and determining whether the situation is conducive to positive outcomes,negative outcomes,or a mixture of both.

Correct Answer
verified

___________________ are the descriptions of game plans to reach the stated objectives.

Correct Answer
verified

Which of the following is a purpose served by strategic planning?

Correct Answer
verified

Job descriptions should focus only on an individual's tasks and responsibilities.

Correct Answer
verified

A description of what the organization would like to become in the future is called:

Correct Answer
verified

List the characteristics of a good vision statement.

Correct Answer
verified
The characteristics of a good vision sta...
View Answer

Leverage is a combination of an opportunity in the external environment and a matching strength in the organization.

Correct Answer
verified

Provide an example of the first way of achieving strategic consensus.

Correct Answer
verified
percent permanent sa...
View Answer

_______________________ analyzes the external environment vis-à-vis the internal environment.

Correct Answer
verified

A problem is a situation where an external threat can be compensated by strengths in other areas.

Correct Answer
verified

In order to ensure that strategy cascades down the organization and leads to concrete actions,which of the following must be done?

Correct Answer
verified

Define leverage in the context of strategic planning.

Correct Answer
verified
In the context of strategic pl...
View Answer

Exam 3: Performance Management and Strategic Planning

The strategic planning process consists of all of the following EXCEPT:

Correct AnswerverifiedShow Answer

If a company identifies an external opportunity that it cannot pursue due to an internal weakness,this is considered a:

Correct AnswerverifiedShow Answer

Which of the following is a purpose served by strategic planning?

Correct AnswerverifiedShow Answer

A gap analysis consists of pairing strengths/weaknesses with opportunities/threats and determining whether the situation is conducive to positive outcomes,negative outcomes,or a mixture of both.

Correct AnswerverifiedShow Answer

___________________ are the descriptions of game plans to reach the stated objectives.

Correct AnswerverifiedShow Answer

Which of the following is a purpose served by strategic planning?

Correct AnswerverifiedShow Answer

Job descriptions should focus only on an individual's tasks and responsibilities.

Correct AnswerverifiedShow Answer

A description of what the organization would like to become in the future is called:

Correct AnswerverifiedShow Answer

List the characteristics of a good vision statement.

Correct AnswerverifiedThe characteristics of a good vision sta...View AnswerShow Answer

Leverage is a combination of an opportunity in the external environment and a matching strength in the organization.

Correct AnswerverifiedShow Answer

Provide an example of the first way of achieving strategic consensus.

Correct Answerverifiedpercent permanent sa...View AnswerShow Answer

_______________________ analyzes the external environment vis-à-vis the internal environment.

Correct AnswerverifiedShow Answer

A problem is a situation where an external threat can be compensated by strengths in other areas.

Correct AnswerverifiedShow Answer

In order to ensure that strategy cascades down the organization and leads to concrete actions,which of the following must be done?

Correct AnswerverifiedShow Answer

Define leverage in the context of strategic planning.

Correct AnswerverifiedIn the context of strategic pl...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The characteristics of a good vision sta...
View Answer

Correct Answer
verified

Correct Answer
verified
percent permanent sa...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
In the context of strategic pl...
View Answer