Panera Bread Planning - Panera Bread Planning 1 Ron Shaich CEO and founder of Panera Bread started the company with a missionwhich is the first step in

Panera Bread Planning - Panera Bread Planning 1 Ron Shaich...

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Panera Bread Planning 1. Ron Shaich, CEO and founder of Panera Bread started the company with a mission—which is the first step in _________. planning and strategic management 2. Ron Shaich set long-term goals and strategic plans for the company and the trajectory he envisioned for the firm. Shortly after going public in the early 1990s, the company purchased another firm and continued to grow. This type of activity likely indicates that Panera Bread is a(n) _________ in terms of responding to uncertainty in the environment. prospector 3. Strategic plans for a company generally have a(n) _________ time horizon. 1–5 year 4. Ron Shaich and his management team decided that after a period of expansion, perhaps some of the companies they
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had acquired or developed didn't fit well in the long-term future of the company. The decision process leading up to this revelation would be this step of the planning/control cycle: _________. Control the direction by comparing the results with the plan 5.
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