Planning in Management Flashcard

Planning in Management Flashcard

Assessment

Flashcard

Business

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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10 questions

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1.

FLASHCARD QUESTION

Front

What is the significance of planning in management?

Back

It sets the direction for the business and establishes specific goals

2.

FLASHCARD QUESTION

Front

Which step in the planning process involves defining SMART goals?

Back

Goal Setting

3.

FLASHCARD QUESTION

Front

What does SMART stand for in goal setting?

Back

Specific, Measurable, Attainable, Relevant, Time-bound

4.

FLASHCARD QUESTION

Front

Which step in the planning process involves analyzing the current conditions of the business, competition, and target market?

Back

Situational Analysis

5.

FLASHCARD QUESTION

Front

What does SWOT stand for in situational analysis?

Back

Strengths, Weaknesses, Opportunities, Threats

6.

FLASHCARD QUESTION

Front

Which step in the planning process involves fostering creativity and exploring various paths?

Back

Generating Alternatives

7.

FLASHCARD QUESTION

Front

Which step in the planning process involves selecting the most viable alternative based on evaluation?

Back

Decision Making

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