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Chap004 - Chapter 04 Planning and Strategic Management...

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Chapter 04 - Planning and Strategic Management Chapter 04 Planning and Strategic Management True / False Questions 1. (p. 132) The basic planning cycle goes in one dimension – into the future. TRUE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Easy Learning Objective: 1 2. (p. 132) Situational analysis, as part of the formal planning process, focuses on internal forces at work within the organization and examines influences from the external environment. TRUE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Knowledge Difficulty: Medium Learning Objective: 1 3. (p. 133) Goals need not be linked to a time frame but should be measurable. TRUE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Easy Learning Objective: 1 4. (p. 134) Standing plans are designed to achieve a set of goals that are not likely to be repeated in the future. FALSE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Knowledge Difficulty: Medium Learning Objective: 1 4- 1
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Chapter 04 - Planning and Strategic Management 4- 2
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Chapter 04 - Planning and Strategic Management 5. (p. 136) When using scenario planning, a different contingency plan is attached to each scenario. TRUE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Easy Learning Objective: 1 6. (p. 136) The final step in the formal planning process, monitor and control is often overemphasized. FALSE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Medium Learning Objective: 1 7. (p. 137) Making decisions about the organization's short-term goals and strategies is called strategic planning. FALSE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Knowledge Difficulty: Easy Learning Objective: 2 8. (p. 138) An organization's strategic and tactical plans must be based upon the original operational plans. FALSE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Medium Learning Objective: 2 4- 3
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Chapter 04 - Planning and Strategic Management 9. (p. 139) A strategic map provides managers with a tool to communicate their strategic goals and enable members of the organization at every level to understand the parts they will play in helping to achieve them. TRUE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Knowledge Difficulty: Easy Learning Objective: 2 10. (p. 141) Traditionally, strategic planning has emphasized a bottom-up approach. FALSE AACSB: Other management-specific knowledge/abilities Blooms taxonomy: Comprehension Difficulty: Easy Learning Objective: 2 11. (p. 142) Strategic management involves managers from all parts of the organization in the formulations and implementation of strategic goals and strategies.
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