IQ#1 MODULE 4

Understanding the environment and the elements that influence the firm is unnecessary for effective planning.

• True

• False

It refers to the blueprint plan of the organization.

• Operational Plan

• Tactical Plan

• Strategic Plan

• Marketing Plan

Goals and Plan created by the middle level managers.

• Marketing Goals and Plan

• Strategic Goals and Plan

• Tactical Goals and Plan

• Operational Goals and Plan

Vision statement should be created first before the mission statement.

• True

• False

__________ explain how specific goals and strategies in each area are related and are visual representations of the major drivers of an organization's success

• Mission statement

• Vision statement

• Management by Objectives

• Strategy Maps

It refers to strategy in which managers and staff set goals for each department, project, and individual and track their progress.

• Management by Objectives

• Strategy Maps

• Strategic Plan

• Strategic Goals

Programs and Projects are both included in __________

• Standard Plans

• Standing Plans

• Single-Use Plans

Policies, rules, and regulations are all examples of _______.

• Standard Plans

• Standing Plans

• Single-Use Plans

Functional-Level Strategy answer the question ______________

• How do we compete?

• How do we support the business-level strategy?

• What business are we in?

Executives begin the strategic management process by _________

• Scan the internal and external environments

• Assessing their existing position in terms of mission, goals, and strategies

• Formulating strategies

• Executing strategies