Strategic planning and its bases

The _____ of a company are the set of ethical and professional principles by which it chooses to guide its activities and that somehow denote its spirit.

• objectives

• vision

• mission

• values

The mission of a company:

• reflects the goals we aim to achieve in the future; it is t what we aspire to become

• outlines the company's future direction, addressing the question of what the company will become in the future

• states the purpose, addressing the question: why does the company exist? It typically provides a broad overview of the organization, its role, and its goals.

• are the set of ethical and professional principles by which it chooses to guide its activities and that somehow denote its spirit.

It motivates de employees

• Mission

• Objectives

• Vision

Is focused on the how

• Mission

• Vision

The first step for the strategic planning process is:

• Conduct and environmental scan

• Clarify your mission, vision and values

• develop goals and metrics

• Implement and monitor

Which of the following is not a type of strategic objective:

• Conduct and environmental

• Profitability

• Social responsabilityresponsibility

• Innovation

The way we can rank the strategic priorities are:

• Critical, important, desirable.

• Critical, support, urgent

• Desirable, complementary, urgent

• Urgent, important, desirable

How many components of the strategic planning we have?

• 3

• 7

• 5

• 4

Which one of the following is NOT a component of the strategic planning process:

• Human Resources

• Values

• Approach

• Goals

These are specific, measurable objectives that align with your business's mission, vision, and values, providing clear targets to work towards:

• Goals

• Strategy