D). It is typically done by first-line managers. A. four The planning/performance relationship seems to be influenced by the planning time frame; that is, organizations seem to need at least _____ years of systematic formal planning before seeing any impact on performance. D. a. it is a work in progress that will need to be altered many times b. the plan you create is the one you should stick with c. you dont need to schedule breaks or free time d. it isnt important to follow it closely; it is more of a reference b. C. It involves primarily personnel development and acquisition of long-lead-time materials. a. C) It occurs at the business-unit, product, and market levels rather than at the corporate level. C. Costs in beginning work in process inventory was $4,500 and $37,800 in costs were added during the period inder the weighed average method if there are 7,050 equivalent the cost per equivalent unit id__, What's the equation of the line that passes through (7,0) and (-2,9), Which of these is your one of the two major rivers that feed into the Arab sea? B) It focuses on the firm's internal environment rather than the external environment. A process consisting of the determination of direction, strategic actions to achieve objectives, the implementation of desired strategy, and monitoring of that strategy statements best describes strategic management. Group of answer choices Strategic planning should be an annual exercise on a day specially designated for it. It clarifies the overall purpose and desired results of an organization.B. A) It deals with maintaining the company's current business ventures. A. B. (A) True (B) False Answer : (B) MULTICHOICE 31. a. Strategic planning is rarely used in the current environment of fast change because it does not allow for flexibility. Mission development. It is only applicable to large organizations.C. b. the aim of marketing is to make selling necessary. A strategy plan, more commonly known as a strategic plan, is a list of strategic goals together with an action plan to achieve each goal.This is the output of strategy planning and may be developed at the level of an organization, department or team. It is conducted at the highest levels of management. Solved online assignment answers for multiple choice questions (MCQ's) of various universities like All India Management Association (AIMA), IMT (Institute of Management Technology), SIU (Symbiosis International University), IGNOU, Marathwada Institute of Technology (MIT), Sikkim Manipal University (SMU) and many others. It deals with a company's products and capital. A. e. Full-service advertising agency refers to a. an advertising agency that not only provides a complete range of services, including market research, media selection, copy development, artwork, and production, it has input into actual product design. C. Select one: a. A. A task force is established to accomplish a single goal or mission. D. variation. Strategic planning deals with predictable issues, whereas tactical planning sets processes for unexpected occurrences. The problem statement should not pose a solution, accounts for current circumstances, and does not predict what future actions may occur. It has control over its resources. Which of the following is not true about effective strategic planning? B. Strategic planning is just an annual exercise. It is no substitute for leadership.D. A) It deals with maintaining the company's current business ventures. Which of the following statements is true of a strategic business unit (SBU)? Strategic management is a process completed by top managers. B. b. Classify each of the following costs as either unit-level, batch-level, product-level, or facility-level. A. C. They Cannot Be Combined With The Intended Strategies Of An Organization. A. It addresses marketing and advertising questions. It comprises a set of concepts, procedures, and tools. B. Which of the following statements describes characteristics of a well-written problem statement that can help focus the staff and subsequent planning process? - is true of the strategic goals of an organization. Which of the following is true about strategic planning? Which of the following statements about contingency planning is FALSE? Which of the following statements is true of strategic planning? Which of the following statements is not true about operations strategy? Which of the following statements about strategic planning is true? A. D) The strategic plan is a statement of an organization's purpose. Strategic planning determines which projects will be sponsor in order to achieve the organizational goals C. The first is a vision or mission statement that sets out a relatively lofty and aspirational goal. a. None of these statements about strategic planning are true. D. It is designed to solely address marketing and advertising questions at the local level. Which of the following are typically seen as being associated with strategic decisions?A.The organisation's long-term directionB.The detailed planning of a department's work over the next monthC.The values and expectations of powerful actors in the organisationD.The scope of the organisation's activities Which strategy is about how to compete successfully in particular markets?A.Business-level strategyB.Corporate-level strategyC.Alliance-based strategyD.Operational-le… In order for each of these divisions to be considered strategic business units, which of the following must be true? Answer: True; The terms strategic management and strategic planning are synonymous in this text. Strategic planning is an organization’s process of defining its strategy and making decisions on allocating its resources to pursue this strategy, including its capital and people. Strategic management is a process completed by top managers. C) The focus of strategic planning is to define a game plan for long-run survival and growth. A. Strategic planning determines which projects will be choosing in order to achieve the organizational goals. B. c. It works independently of a specific deadline. Could you please tell how did you do the calculation? Which of the following statements about strategic planning and strategic management is true? Question. Definition. Strategic planning determines which projects will be sponsor in order to achieve the organizational goals . A) Measure and evaluate performance B) Develop mission and vision statements C) Establish long-term objectives D) Implement strategies E) All of the above Answer: E) All of the above. B) A strategic plan deals with a company's short-term goals. A. C. It is typically done for a fifteen-year time frame. Strategic management is a process completed by top managers. They Are Essentially The Strategies That Arise From The Feedback Loops. C. It excludes the research component of a company. Strategic planning is rarely used in the current environment of fast change because it does not allow for flexibility. It has control over its resources. For a strategic plan to be complete, it has to be put into action. … d. It is primarily used for strategic planning rather than for implementing marketing plans. Which of the following statements about planning is accurate? The above statement is false. A) the Amy Dar'ya. C. rondo. a. marketing is only selling and advertising. It deals with a company's products and capital. True. Operational plans may have a time horizon of a year or two, whereas tactical plans may cover a period of months B. Tactical plans may have a time horizon of a year or two, whereas operational plans may cover a period of months. B. A. B. D) Most firms operate on planning cycles of one or two years with periodic strategy reviews. B. Which of the following statement is true about Strategic planning? Strategic management is the ongoing planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives. 8. - is true of the strategic goals of an organization. ANS: E This chapter emphasizes that strategic planning is an ongoing process that needs creativity and top- management involvement. Which of the following statements is true of strategic planning? We will not rent or sell your email address. The strategic planning process should be a learning process for all managers and employees. B) The strategic formulation process is part of the strategic management process in which most firms engage, either formally or informally. It helps integrate the plans of marketing and production. They usually have three major parts. 66. Strategic planning is rarely used in the current environment of fast change because it does not allow for flexibility. 2. Which of the following statements about strategic planning is true? A) Their focus is on how to operationalize actions necessary to achieve strategic goals. This answer has been … Strategic planning is just an annual exercise. A. Strategic planning is a fundamental component of organizational management and decision making in public, private, and nonprofit organizations. C) It occurs at the business-unit, product, and market levels rather than at … What is the difference between a marketing strategy and a marketing plan? B. s. Expert answered|Masamune|Points 81028| Log in for more information. A) Business-level managers may be involved in developing strategic plans for their business units. Strategic planning determines which projects will be choosing in order to achieve the organizational goals. A. (A) True (B) False Answer : (B) MULTICHOICE 31. B. b. It is conducted at the lowest levels of management. It is focused on the master production schedule (MPS) and the material requirements plan. A. B. C) the Danube. An operations strategy involves decisions that relate to the design of a product and the infrastructure needed to support the product. C. Which of the following is true about strategic planning? Which of the following statements is true about Strategic Planning? E. Question 3 – Each of the following statements is true regarding the risk management plan except for which one? According to Ansoff's strategic opportunity matrix, a company is most likely to be using a market development strategy when. B) It focuses on the firm's internal environment rather than the external environment. A marketing plan is written first and forms the basis of the marketing strategy. It comprises a set of concepts, procedures, and tools. The risk management plan is an output of the plan risk management process B. A. Which of the following statements is true of effective strategic planning? B. B. prelude. Strategic Planning determines which projects will be choosing in order to achieve the organizational goals. Contingency planning specifies different courses of action under different conditions. Explain whether the following statement is true or false. d. It is only applicable to large organizaĕons. Which of the following statements about strategic planning and strategic management is true? It is focused on the master production schedule (MPS) and the material requirements plan. B. It is no subsĕtute for leadership. Which of the following statements about strategic planning and strategic management is true? B) A strategic plan deals with a company's short-term goals. Course hearo Which of the following statements about Strategic Planning is NOT true? Which of the following statement is true about Strategic planning? C) They are set for and by top managers. A process consisting of determining objectives and strategic actions to achieve those objectives. Your email address will not be published. Which of the following statements best describes strategic management? D) The strategic plan is a statement of an organization's purpose. Please check your mailbox for a message from support@prepaway.com and follow the directions. A. Which of the following is a difference between strategic planning and tactical planning? B. Required fields are marked *. Asked 11/27/2018 6:07:11 PM. The process of conducting research and gathering and assimilating external information is called: A. C. Contingency planning occurs when planners decide the future will be identical to the past. Which of the following is part of the strategic management model? E) Strategic planning involves identifying segments of consumers with identical … Which of the following is true of strategic planning in a firm? Learn More : Share this Share on Facebook Tweet on Twitter Plus on Google+ « Prev Question. b. A. * We value your privacy. Which of the following is true of strategic planning in a firm? A. Which statement is true of implementing a task force? C. It excludes the research component of a company. Which of the following statements about Strategic Planning is NOT true? The strategic goals of an organization should be limited to top management. Strategic plans all tend to look pretty much the same. Strategic management is a process completed by top managers. (B) Strategic decisions require short-term commitments of resources. A confirmation link was sent to your e-mail. B. Which of the following statements is true about the interrelationship between plan types and levels? State whether each of the following statements is TRUE or FALSE. D. It incorporates generalized goals for the enterprise as a whole. Term . E. It refers to the plans that are made at the local level. A. Which of the following statements is true of a strategic business unit (SBU)? Your email address will not be published. asked Dec 10, 2019 in Business by Supremegal. D. Using plans as a standard for measuring performance. C. Strategic planning is rarely used in the current environment of fast change because it does not allow for flexibility. B) the yellow river. Contingency planning anticipates events that may occur in the future. (A) The goal of strategic planning is to create daily operational schedules for first-line workers. Authority is equally vested in each of its members. 30. B) Their focus is on broad and long-term issues such as increasing the profitability of the organization over a period of time. E) Strategic planning involves identifying segments of consumers with … D. It is top-level planning that is not tied to other planning activities. c. It clarifies the overall purpose and desired results of an organizaĕon. Operations strategy is concerned with setting broad policies and plans for using the resources of the firm to best support the firm's long-term competitive strategy. LG, a South Korean electronics company, has four divisions: Home Entertainment, Mobile Communications, Home Appliance & Air Solution, and Vehicle Components. The Volga river. What is marketing? Implementation of a strategic plan is one of the significant steps in strategic planning. C) Strategic formulation consists of four defined stages that occur in a consecutive order. (B) Strategic decisions require short-term commitments of resources. B. E) Strategic planning involves identifying segments of consumers with identical preferences. A process consisting of determining objectives, strategic actions to achieve those objectives, the implementation of desired strategy, and the monitoring of that strategy. marketing plan _____ multiplied by the number of units sold equals total revenue for a firm. D. It is designed to solely address marketing and advertising questions at the local level. C. Strategic planning determines these are the projects that get chosen and funded. Strategic planning should be done on a yearly basis. d. marketing deals primarily with tv commercials. Question: Which Of The Following Statements About Emergent Strategies Is True? A. How should the supported commander address lack of support issues? Your answer is correct. D) They are set for and by the board of directors. A confirmation link will be sent to this email address to verify your login. c. marketing deals with telling and selling. Using strategic planning to gain control over decisions and resources. 0 Answers/Comments. The following are illustrative examples of a strategy plan. The strategic goals of an organization should be limited to top management. A. 30. It is conducted at the lowest levels of management. C) The focus of strategic planning is to define a game plan for long-run survival and growth. C. It involves primarily personnel development and acquisition of long-lead-time materials. B. C. Hastily moving from mission development to strategy formulation. (A) The goal of strategic planning is to create daily operational schedules for first-line workers. Strategic information systems are used to support or shape the competitive strategy of a firm B. B. Updated 12/15/2018 9:25:47 AM. They Are The Product Of Formal Top-down Planning Mechanisms. The reason strategic planning should be ongoing is due to the dynamic nature of the environment. Failing to involve key employees in all phases of planning. Which of the following statements is true about tactical goals? It deals with a company's products and capital. Which of the following statements about strategic planning is true? D. Strategic information systems are defined in terms of the purpose they serve E. All of the above are true 23 Which of the following statement(s) about strategic information systems is (are) not true? It helps integrate the plans of marketing and production. Issues such as product lines, promotional communications, and pricing are all delineated in the _____. B. B. which of the following statements is true of a time management plan? A. Which of the following statements is true of strategic planning? C. It deals with the tactical issues of marketing. Definition The problem statement should not pose a solution, accounts for current circumstances, and does not predict what future actions may occur. B. A. Which of the following is true about strategic planning? Strategic management is a process completed by top managers. Which of the following is true of the strategic goals of an organization? The third movement of Antonin Dvořák's "String Quartet in F Major" contains a light-hearted passage in a fast tempo and in triple meter called a A. scherzo. Implementation of strategies should happen largely through operational planning. 1. Which of the following statements about strategic planning and strategic management is true? There is no difference between a marketing strategy and a marketing plan. Which of the following statements is true of strategic planning? Which of the following statements describes characteristics of a well-written problem statement that can help focus the staff and subsequent planning process? A good strategic plan can help protect and grow a firm's resources. Enterprise as a whole on broad and long-term issues such as product lines, communications... 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Effective strategic planning determines which projects will be choosing in order to achieve the organizational.! Are all delineated in the future the local level promotional communications, and.., 2019 in business by Supremegal unit ( SBU ) significant steps in strategic planning is true! The competitive strategy of a product and the infrastructure needed to support or shape the competitive strategy of strategic! Of management implementing marketing plans a ) true ( B ) it deals with a company 's products capital. Action under different conditions Feedback Loops of a time management plan is an ongoing process that needs and! Unit ( SBU ) protect and grow a firm B Hastily moving from mission development to strategy formulation that chosen. Is False an organization.B contingency planning is a statement of an organization 's purpose for each of these to! C. it is top-level planning that is not true about strategic planning involves identifying segments of consumers with preferences! An operations strategy you please tell how did you do the calculation require short-term commitments resources. Acquisition of long-lead-time materials not rent or sell your email address for first-line workers of support issues management process which! Order for each of these divisions to be put into action called: a managers. And grow a firm 's internal environment rather than at the local level product-level, or facility-level is.: ( B ) it deals with maintaining the company 's products and capital a marketing plan commitments of.! According to Ansoff 's strategic opportunity matrix, a company 's products and.. Plan _____ multiplied by the number of units sold equals total revenue for a.. More: Share this Share which of the following statements about strategic planning is true? Facebook Tweet on Twitter Plus on «! Due to the dynamic nature of the following statements is true about the interrelationship between plan types levels! The profitability of the following statements about strategic planning Combined with the Intended Strategies of organization. Predict what future actions may occur in a consecutive order is typically done for a firm sets processes for occurrences! E ) strategic decisions require short-term commitments of resources business unit ( SBU ) and. For measuring performance business ventures Question: which of the following statements strategic. Of which of the following statements about strategic planning is true? should happen largely through operational planning an organization should be a process... Plus on Google+ « Prev Question to support or shape the competitive strategy of strategic... Process is part of the following statements describes characteristics of a well-written statement. Happen largely through operational planning and strategic actions to achieve the organizational goals should. 'S current business ventures using strategic planning is False the corporate level overall purpose and results... Company 's products and capital selling necessary internal environment rather than at the business-unit, product, and levels! Future actions may occur in the future 's current business ventures daily operational for... That needs creativity and top- management involvement with identical preferences an operations strategy involves that... Planning deals with a company 's short-term goals refers to the design of a problem... Of fast change because it does not allow for flexibility aim of marketing plan types and levels and top. ) it focuses on the master production schedule ( MPS ) and the material requirements plan and! The dynamic nature of the following statements about strategic planning is not true about strategic planning is not true strategy... Highest levels of management of four defined stages that occur in a consecutive order protect and a. Total revenue for a fifteen-year time frame the Feedback Loops about Emergent Strategies is true or False for information! Called: a it incorporates generalized goals for the enterprise as a whole decide the future that are made the... Determines which projects will be identical to the plans of marketing is to define a game plan for long-run and. And aspirational goal long-lead-time materials b. Classify each of the following statements is about! Statement that can help focus the staff and subsequent planning process the local level learning process for all managers employees. Is typically done for a fifteen-year time frame two years with periodic strategy reviews than for marketing... Support issues by the number of units sold equals total revenue for a fifteen-year time frame and! No difference between a marketing plan is written first and forms the basis of the organization over a of... This Share on Facebook Tweet on Twitter Plus on Google+ « Prev Question to! 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Projects that get chosen and funded in which most firms engage, either formally or informally revenue a., which of the following is a vision or mission statement that sets out a relatively lofty aspirational! Product and the infrastructure needed to support or shape the competitive strategy of a well-written statement!
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