Strategic Planning Terms & Examples!

Choose the term that best defines:

Measurable goals serving as proxies for achieving strategic objectives.

• Strategy

• Metrics

• Milestones

• Analytics

What best defines the purpose/mission of a company?

• To create sustainable advantage and value

• To focus large bodies of work towards realizing the strategy

• What is continually done to make the vision come true

• To foster, support, and measure strategic choices and capabilities

A company setting a goal to increase customer satisfaction by 10% within the next year is an example of:

• Vision

• Strategic Objective

• Metrics

• Milestone

What are 'Capabilities'?

• The integrated choices that comprise the strategy

• The multi-year aims or bets that focus large bodies of work towards realizing the strategy

• The activities and competencies that critically underpin strategic choices

• The systems that foster, support, and measure strategic choices

What do 'Management Systems' refer to?

• The activities and competencies that critically underpin strategic choices

• The measurable goals that serve as proxies for achieving the strategy

• The integrated choices that comprise the strategy

• The systems that foster, support, and measure strategic choices and capabilities

A company's ability to innovate, adapt to change, and effectively manage its resources is an example of:

• Capabilities

• Vision

• Milestones

• Strategic Choices

What are 'Strategic Objectives'?

• The measurable goals that serve as proxies for achieving the strategy

• Multi-year aims or bets that focus large bodies of work towards realizing the strategy

• The activities and competencies that critically underpin strategic choices

• The specific outcomes along a timeline

What are 'Milestones'?

• The measurable goals that serve as proxies for achieving strategic objectives

• Multi-year aims or bets that focus large bodies of work towards realizing the strategy

• The integrated choices that comprise the strategy

• Specific outcomes along a timeline

What is the role of 'Management Systems'?

• To focus large bodies of work towards realizing the strategy

• To make the vision come true

• To create sustainable advantage and superior value

• To foster, support, and measure the strategic choices and capabilities

What do 'Capabilities' critically underpin?

• The multi-year aims or bets that focus large bodies of work towards realizing the strategy

• The measurable goals that serve as proxies for achieving strategic objectives

• The where to play and how to win choices

• The specific outcomes along a timeline