Chapter 7 Strat Mgmt - Chapter 7 TRUE/FALSE. Write 'T' if...

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Unformatted text preview: Chapter 7 TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false. 1 Planning is concerned with how objectives are to be accomplis hed, not what is to be accomplis hed. 1) _______ Planning provides direction to managers and nonmanag ers alike. 2) _______ Goals are the foundatio n of organizati onal planning. 3) _______ Most businesses have only one objective: to make a profit. 4) _______ Strategic plans can be categorize d as long term, directiona l, and single use 5) _______ Operation al plans encompas s a particular operationa l area of the organizati on. 6) _______ When uncertaint y is high and managers must be flexible in order to respond to unexpecte d changes, directiona l plans are preferable . 7) _______ In MBO, or managem ent by objectives, goals are often less well- defined, giving managers and employees more flexibility to respond to changing conditions . 8) _______ A well- designed goal should be measurabl e and quantifiab le. 9) _______ One criticism of planning is that it's not enough for managers just to plan. 10)...
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This note was uploaded on 05/30/2011 for the course MIM 1001 taught by Professor Fredser during the Spring '11 term at International University in Germany.

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Chapter 7 Strat Mgmt - Chapter 7 TRUE/FALSE. Write 'T' if...

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