SMART Goals and Strategic Planning Quiz

What does the "A" in SMART goals stand for?

• Accurate

• Achievable

• Advanced

• Actionable

Which of the following is a SMART goal?

• “I will try to be better at math someday.”

• “I want to pass all my subjects.”

• “I will improve my English writing skills by completing one essay per week for 2 months.”

• “I hope to get rich fast.”

What is the first step in the strategic planning process?

• Execute the plan

• analyze info

• Set goals

• Hire employees

What does the final stage of strategic planning involve?

• Celebrating success

• Writing a business plan

• Evaluating and monitoring results

• Posting on social media

Which of the following is not part of the strategic planning process?

• Vision and mission development

• SWOT analysis

• Design product packaging

• Goal setting

In SWOT, what does the "W" stand for?

• Wealth

• Weaknesses

• Worth

• Work

Which of the following is an example of an opportunity in a SWOT analysis?

• Rising raw material costs

• New competitors

• Launch of a new technology

• Poor customer service

A business finds that its customers are loyal and its delivery system is fast. This is an example of:

• Threats

• Weaknesses

• Strengths

• External factors

What best describes an innovation ecosystem?

• A team of social media influencers

• A physical building where inventions are made

• A network of people and systems that support new ideas and creativity

• A government program for taxes

Which of the following is not a characteristic of an innovation ecosystem?

• Collaboration

• Risk-taking

• Isolation

• Creativity