Business: Ch.5 L.1 Reading Check Review

What is the primary purpose of a goal within an organization?

• To allocate resources effectively

• To define and state the organization's purpose

• To prepare a tactical plan

• To create a detailed schedule

How does a strategic goal differ from a tactical goal?

• Strategic goals apply to specific departments; tactical goals are organization-wide

• Strategic goals focus on short-term achievements; tactical goals focus on long-term plans

• Strategic goals describe the organization's future position; tactical goals focus on major divisions' results

• Strategic goals are implemented by middle management; tactical goals are for top management

What is the role of a strategic plan in an organization?

• To define operational goals for departments

• To outline the organizational activities and resources needed to meet strategic goals

• To set short-term goals for middle management

• To establish the mission statement

Which of the following is an example of a strategic goal?

• Increasing departmental productivity by 10%

• Launching a new marketing campaign

• Focusing on designing and building electric cars

• Reducing employee turnover in the HR department

What does a tactical plan typically cover?

• A long-term strategy of 5-10 years

• Immediate actions for daily operations

• The next year or so to support strategic plans

• The overall mission of the organization

What is the purpose of an operational goal?

• To define the strategic goals of the organization

• To determine resource allocation for the entire organization

• To specify the results expected from departments and individuals

• To establish the organization's mission statement

Who is primarily responsible for developing tactical goals and plans?

• Top management

• Middle managers

• Operational staff

• External stakeholders

How long is a strategic plan typically designed to last?

• 1-2 years

• 2-5 years

• 5-10 years

• 10-15 years

What is the first step in the planning process?

• Developing tactical goals

• Creating operational plans

• Establishing a formal mission

• Allocating resources

Which level of planning involves action steps for achieving strategic goals?

• Operational planning

• Tactical planning

• Strategic planning

• Divisional planning