Foundation of Planning

A key function of planning is to create goals.

• True

• False

Planning is concerned with ________.

• both ends and means

• ends only

• means only

• neither ends nor means

Which of the following do managers NOT typically use to formulate strategies?

• finding ways to exploit the organization's strengths

• finding ways to protect the organization from external threats

• finding ways to eliminate existing organizational opportunities

• finding ways to correct organizational weaknesses

The three different types of strategies that managers implement are ________.

• corporate, private, functional

• corporate, competitive, functional

• long-term, short-term, public

• competitive, noncompetitive, corporate

A corporate strategy may be a growth strategy, a stability strategy, or a renewal strategy

• True

• False

An organization's real goals and priorities are best revealed by ________.

• its official stated goals

• its actions in the marketplace

• its statements to the press

• its mission statement

A well-written goal must have these characteristics:

• realistic, challenging, specific, measurable, time-bound

• relevant, easy, specific, measurable, time-bound

• realistic, attainable, general, measurable, time-bound

• relevant, attainable, specific, measurable, time-bound

Your name_________