11. Strategic planning is beneficial because the organization can ⦁ establish long-term goals that extend 5-10 years into the future. ⦁ establish short-term goals that extend one year into the future. ⦁ establish goals for next month. ⦁ execute directives from the board of directors
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11. Strategic planning is beneficial because the organization can
⦁ establish long-term goals that extend 5-10 years into the future.
⦁ establish short-term goals that extend one year into the future.
⦁ establish goals for next month.
⦁ execute directives from the board of directors
Step by step
Solved in 2 steps
- Business Performance Management (BPM) can be seen to be the convergence of Corporate Strategic Planning and Business Intelligence (BI). a) Provide an overview of the key steps within a Corporate Strategic Planning process, identifying any strategic planning techniques that could be employed. b) Describe a suitable BI system that could be used directly by a senior manager to monitor company progress towards achievement of its corporate strategic plan.Which would result in a positive budget forecasting error? 1. Overlooking a source of investment income II. Not taking into account an expense paid once а year II. Switching to a less costly gym v. Underestimating annual car expenses V. Overestimating expected capital gainsA. Discuss briefly the three stages of planning.
- 3.1 Discuss the importance of aligning the project and the company purchasing strategy. 3.2 Discuss why supply management has traditionally not been involved in the corporate strategic planning function.which is a better planning tool: Benchmarking or forecasting?A is the collection of data that helps forecast whether an idea, opportunity or venture will survive. Select one: O a. SWOT analysis b. business assessment c. feasibility study d. case study
- We have great need of a science in planning in order to determine what is a science of planning 1. True 2. FalseBusiness is offering daycare services for dogs. What would be a good Mission Statement for new company offering doggy daycare. whats a good catchy statement directed to your customers about the services of doggy daycare. What could be some Goals and Objectives Include between 6 strategic goals Goals must be measurable Include a Table or Chart9) A(n)__ is set by and for middle management of an organization. strategic goal operational goal O interim goal tactical goal
- 11. Warren's Milk Tea Shop is talk of the town. As an owner, he wants to know the possible challenge he will encounter in the next three years. What technique he should use? A. Contingency Planning B. Benchmarking C. Forecasting D. Scenario Planning 12. In year 2017, the strategic planners of Sheena Cosmetics implemented the pandemic allowance and assistance for all the employees in case there will be any pandemic happened that can affect the efficiency and safety of all the employees. And in the year 2020 and up to this day, COVID-19 became the global problem. And the employees of Sheena Cosmetics were very thankful for the assistance given ahead of time for their safety. What planning technique did the company used? A. Contingency Planning B. Forecasting C. Linear Programming D. Scenario Planning 13. Below are the advantages of division of work or labor ЕXCEPT A. Creates job specialization B. Increase productivity C. Higher degree of control. D. Job given can be fit based on…Which of the following statement is aSMART goal? Increase sales for Product B by 10% in A 2023. Increase employees in two years. Increase sales by advertising andpromotion next year. D Reduce production cost by 5%. Luis exert his effort in getting more sales to have more commission. He hasto pay for the car amortization. He uses the car to travel together with his family.This is a: A) Esteem need B Safety need C) Physiological need D Social needBriefly discuss the advantages and disadvantages of each of these planning strategies:c. Maintain a constant workforce size, but vary hours worked to correspond to predicted demandrequirements