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WorksheetsIQ#1 MODULE 4
Total questions: 10
Worksheet time: 5mins
Understanding the environment and the elements that influence the firm is unnecessary for effective planning.
True
False
It refers to the blueprint plan of the organization.
Operational Plan
Tactical Plan
Strategic Plan
Marketing Plan
Goals and Plan created by the middle level managers.
Marketing Goals and Plan
Strategic Goals and Plan
Tactical Goals and Plan
Operational Goals and Plan
Vision statement should be created first before the mission statement.
True
False
__________ explain how specific goals and strategies in each area are related and are visual representations of the major drivers of an organization's success
Mission statement
Vision statement
Management by Objectives
Strategy Maps
It refers to strategy in which managers and staff set goals for each department, project, and individual and track their progress.
Management by Objectives
Strategy Maps
Strategic Plan
Strategic Goals
Programs and Projects are both included in __________
Standard Plans
Standing Plans
Single-Use Plans
Policies, rules, and regulations are all examples of _______.
Standard Plans
Standing Plans
Single-Use Plans
Functional-Level Strategy answer the question ______________
How do we compete?
How do we support the business-level strategy?
What business are we in?
Executives begin the strategic management process by _________
Scan the internal and external environments
Assessing their existing position in terms of mission, goals, and strategies
Formulating strategies
Executing strategies
