
Exploring Strategic Planning
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Education
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Thet Maung
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of strategic planning?
To conduct market research and analysis.
To define an organization's direction and allocate resources effectively.
To implement daily operational tasks efficiently.
To increase employee satisfaction and morale.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name the key components of a strategic plan.
Budget analysis, market research, team structure
SWOT analysis, financial projections, competitor analysis
Customer feedback, product features, sales strategy
Mission statement, vision statement, core values, goals and objectives, strategies, action plans, performance metrics.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does SWOT analysis contribute to strategic planning?
SWOT analysis is only useful for financial planning.
SWOT analysis focuses solely on external factors.
SWOT analysis contributes to strategic planning by providing a structured framework for assessing internal and external factors that influence organizational success.
SWOT analysis eliminates the need for market research.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What role does vision and mission play in strategic planning?
They only serve as marketing tools without practical application.
Vision and mission are only important for small businesses.
Vision and mission are irrelevant to strategic planning.
Vision and mission are essential for guiding strategic planning by providing direction, aligning resources, and motivating stakeholders.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the difference between strategic goals and tactical goals.
Strategic goals are always measurable; tactical goals are not.
Tactical goals are focused on long-term planning; strategic goals are about immediate results.
Strategic goals are only relevant for large organizations; tactical goals apply to small teams.
Strategic goals are long-term objectives; tactical goals are short-term actions to achieve those objectives.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the importance of stakeholder analysis in strategic planning?
Stakeholder analysis is only necessary for large organizations.
Stakeholder analysis is crucial for aligning interests, managing risks, and ensuring effective communication in strategic planning.
It focuses solely on the financial aspects of the plan.
It helps in determining the budget for the project.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can organizations measure the effectiveness of their strategic plan?
By reducing the number of meetings held each month.
By hiring more employees in the HR department.
By tracking KPIs and conducting regular reviews.
By increasing the budget for marketing campaigns.
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