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which of the following statements about strategic planning is true

c. Effective strategic planning can aid a retailer in contending with competitors. B) It focuses on the firm's internal environment rather than the external environment. Managers should challenge assumptions about the firm and the environment. Answer: True B)It is a document prepared to monitor the progress of the project. d. A. D) The strategic plan is a statement of an organization's purpose. A process consisting of determining objectives and strategic actions to achieve those objectives. Which of the following statements is not true when describing a successful strategy? A. The reason strategic planning should be ongoing is due to the dynamic nature of the environment. 1. Strategic management is a process completed by top managers. B. A Vision Statement is a statement (typically 2-3 sentences) that gives the reader (and more importantly, the organization) a mental picture of what the organization hopes to … It is focused on the master production schedule (MPS) and the material requirements plan. Strategic planning should be an annual exercise on a day specially designated for it. Strategic planning is rarely used in the current environment of fast change because it does not allow for flexibility. 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? B. Strategic planning is a fundamental component of organizational management and decision making in public, private, and nonprofit organizations. “ It provides a clear sense of the future and the actions needed to get there. Which of the following statements about strategic planning is true? Which of the following statements best describes strategic management? C. B)Strategic planning focuses on the firm's internal environment rather than the external environment. A. Frontline managers lead the organization’s efforts in crafting the strategic plan. (A) The goal of strategic planning is to create daily operational schedules for first-line workers. C. 1. Which of the following statements about strategic planning and strategic management is true? 5 Step Process for Developing a Strategic Plan Step 1: Write a Vision Statement. Sound strategic planning is based on a trial-and-error method of execution. C. The board of directors plays a minimal role in shaping an organization’s strategic plan. Which of the following statements is not true about operations strategy? ANS: E This chapter emphasizes that strategic planning is an ongoing process that needs creativity and top- management involvement. Formal strategic planning is the most sophisticated form of plan- ning. B. 3. D. Multiple Choice. B. 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. steps in planning and strategic management? It is designed to determine annual budgets and long-range strategic goals. Vision statements say where your organization is going, hence why the statement is important for the strategic plan. Strategic information systems are used to support or shape the competitive strategy of a firm B. B. C. It involves primarily personnel development and acquisition of long-lead-time materials. b. A short-term commitment of resources is required by strategic planning. All of the following are ways that marketing plays a key role in the company’s strategic planning EXCEPT: a. marketing provides a guiding philosophy. C. Strategic planning is a process of looking into the future and identifying trends and issues against which to ... in which case the following best practices can help structure the thinking. In this process, the formulation of strategy is separate from implementation. It may also extend to control mechanisms for guiding the implementation of the strategy. A)Strategic planning deals with maintaining the company's current business ventures. Which of the following statements is true of a project charter? 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. It identifies specific plans and procedures. B. B) There is lack of confidence in the impact of formal strategic planning. This document outlines the American Counseling Association’s strategic plan to address issues of critical and strategic importance over the course of four years: 2018 - 2021. It is performed to substitute the strategic planning process in large organizations. Which of the following is an incorrect statement regarding strategic planning? A. All of the following statements are true, except: SBU stands for Strategic Business Unit. It is a long-term plan … Which of the following are 4 benefits of planning? Which of the following statements is true of strategic planning? A) It deals with maintaining the company's current business ventures. The chief executive officer is a strategic manager responsible for positioning the organization for the future. To address these concerns, the following seven steps will guide the creation of a successful strategic planning process. Formal strategic planning should develop clear and rigid plans for the organization to implement is a false statement. D)It shows that the senior management support the project. D. Strategic Plan The strategic plan aligns with the mission statement to position the association to make progress toward the vision. * Monitoring efficiency 2. Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.. B. It implies that a firm's strategic planning process involves explicit systematic. It helps integrate the plans of marketing and production. The plan includes goals and objectives that should be prioritized during the identified three-year time span; it does not reflect the totality of APTA's activities. 40) Which of the following statements about strategic planning in Arab organizations is not true? Which of the following statements is true of tactical planning? Current business ventures the association to make progress toward the vision statement plans marketing. A fundamental component of organizational management and also the other way around a. 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