Corporate Planning Quiz

A corporate plan is best defined as:

• a long-term plan containing the organisation’s central objectives and the strategies for their achievement

• a plan of the business’s organisational structure

• a detailed outline of how sales growth is to be achieved

• a short-term plan identifying where the business is headed

Which one of the following is an internal influence on corporate/business planning?

• competitor actions

• organisational culture

• technological change

• economic conditions

What is corporate culture?

• a belief that the interests of society are best served by private organisations

• the values, attitudes and beliefs of people in an organisation that shape interactions with each other and external stakeholders

• the shared beliefs that shape society

• an entrepreneurial approach within organisations towards doing business

A business organisation that encourages risk-taking is best described as having:

• a power culture

• a task culture

• a person culture

• an entrepreneurial culture

A business organisation that emphasises cooperation is best described as having:

• a power culture

• a task culture

• a person culture

• an entrepreneurial culture

A business organisation that encourages the individual to express him/herself is best described as having:

• a power culture

• a task culture

• a person culture

• an entrepreneurial culture

Which one of the following statements is true of task cultures?

• (i) They are flexible, as project teams are formed for the purpose of a single undertaking.

• (ii) Power within a team is not dependent on status or role.

• (iii) Pleasing the boss is likely to become the driving force behind staff actions.

• (i) and (ii) only

Contingency planning is best defined as:

• preparing for likely changes in the business environment

• the development of a strategy in response to a crisis

• making preparations for how to react to an unlikely event

• preparing a strategy for achieving an organisation’s goals

Which one of the following is not a likely benefit of contingency planning?

• It reduces the impact of a planned-for crisis on customers.

• It reassures staff and customers.

• It speeds up the public relations response in event of a crisis.

• It ensures that adverse contingencies do not happen.

In which one of the following is contingency planning least likely to be adopted?

• in a dynamic and changeable market

• in a firm with a risk-averse culture

• in a business driven by short-term profit

• in a stakeholder-driven organisation