Planning

Which following is NOT the three steps of the strategic planning process?

• selecting the most effective ways to implement and put these strategies into action

• determining an organization’s mission and major goals

• decide how to move it forward to reach that future state

• choosing or formulating strategies to realize the mission and goals

Typically corporate- and business-level goals and strategies require …

• long- and intermediate-term plans

• short-term plan

• long-term plan

• intermediate- and short-term plans

The (O) of SWOT is:

• Where do you need to improve

• What are your goals

• What do you do well

• What obstacle do you fact

The process of Strategy implementation include:

• Two steps

• Three steps

• Four steps

• Five steps

Normally the plan for implementing a new strategy requires:

• the development of new functional strategies

• the redesign of an organization’s structure

• the development of new control systems

• All of above

The meaning of M in a SMART goal is:

• helps to remind you to write down what you want to do, using action words

• helps you clarify and quantify your efforts

• spur you to challenge your thinking

• references the time aspect of your goal

Who developed the five forces model?

• Michael Porter

• Marry Barra

• George T. Doran

• Max Weber

Business strategy include:

• Low-cost strategy

• Differentiation strategy

• All of above

• Focused Low-Cost and Focused Differentiation Strategies

… to create a Competitive Advantage

• Three ways

• Four ways

• Five ways

• Six ways

The corporate-level strategy of expanding a company’s business operations into a new industry in order to produce new kinds of valuable goods or services is:

• Diversification

• Vertical integration

• International expansion

• Concentration on a single industry