POBM Chapter 5.1 Video Lecture

What is one of the main benefits of planning in business?

• It eliminates all risks.

• It requires no resources.

• It aligns efforts with clear goals.

• It guarantees success.

What is a proximal goal?

• A goal set for the next decade.

• A goal that is impossible to achieve.

• A short-term goal like quarterly targets.

• A goal with no specific timeline.

How does options-based planning help businesses?

• By avoiding any form of planning.

• By maintaining flexibility with small investments.

• By making large investments in one area.

• By focusing on a single opportunity.

What is the first step in rational decision-making?

• Ignoring the problem.

• Selecting the best solution.

• Defining the problem.

• Evaluating alternatives.

What is C-type conflict?

• A conflict that focuses on problem-solving.

• A conflict that always leads to failure.

• A personal conflict that is destructive.

• A conflict that is ignored.