Corporate Planning and Change Management Quiz

What is the primary purpose of corporate planning?

• To increase employee turnover

• To set objectives and decide strategies

• To enhance customer satisfaction

• To reduce operational costs

Which of the following is NOT a type of corporate culture?

• Power culture

• Role culture

• Profit culture

• Task culture

What does transformational leadership primarily focus on?

• Minimizing risks

• Controlling employee actions

• Creating a vision for change

• Maintaining the status quo

What is a key characteristic of role culture?

• High flexibility in roles

• Clear delegated authority

• Focus on team collaboration

• Emphasis on individual creativity

What is contingency planning?

• Evaluating employee performance

• Setting long-term business goals

• Planning for expected outcomes

• Preparing for unlikely events

Which factor is considered an internal influence on a corporate plan?

• Managerial skills and experience

• Competitors' actions

• Macroeconomic conditions

• Government policies

What is the main disadvantage of power culture?

• Lack of flexibility and innovation

• Quick decision-making

• High level of creativity

• Strong employee motivation

What is the first step in successfully changing corporate culture?

• Change reward systems

• Train employees

• Establish new vision and mission

• Obtain full commitment

What is the role of a project champion?

• To evaluate employee performance

• To resist change

• To support and drive a project forward

• To manage financial resources

Which of the following is a potential resistance to strategic change?

• Fear of the unknown

• Increased motivation

• Strong leadership

• Clear communication