Self Check Chapter 7

Self Check Chapter 7 - Self-Check Flash Cards Chapter 7 The...

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Self-Check “Flash Cards” Chapter 7 The Basics of Planning and Strategic Management
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Self Check Flash Cards Each slide will present a term, concept, or question. Formulate a mental response (answer). In 7 seconds a correct response will appear. Check your answer. Click the “right” arrow to proceed to the next slide.
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McGraw-Hill/Irwin 1. Define planning. What questions does planning answer? Planning is the process of deciding what objectives to pursue during a future time period and what to do to achieve those objectives.
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McGraw-Hill/Irwin 2. Why is necessary to plan? Distinguish between formal and functional planning. How is most planning conducted? Planning enables the other management functions to be performed. Formal planning is a written document, and follows an identifiable development process. Functional planning originates from the functional areas, such as sales and marketing, production, finance, and personnel. Informal planning is the way most planning is carried out.
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Self Check Chapter 7 - Self-Check Flash Cards Chapter 7 The...

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