7. The Core and Rise of Strategic Planning

Question 1

How many steps are in the strategic planning process?

Answer 1

1. 6

Question 2

What is the 1st step in the strategic planning process?

Answer 2

1. Define the Mission

Question 3

What is the 2nd step in the strategic planning process?

Answer 3

1. Establish Objectives

Question 4

What is the 3rd step in the strategic planning process?

Answer 4

1. Perform a Situational Analysis

Question 5

What is the 4th step in the strategic planning process?

Answer 5

1. Formulate a Strategy

Question 6

What is the 5th step in the strategic planning process?

Answer 6

1. Implement the Strategy

Question 7

What is the 6th step in the strategic planning process?

Answer 7

1. Develop Controls

Question 8

What occurs during the 1st step of the strategic planning process?

Answer 8

1. You determine your core mission, your reason for existence that guides every operation

Question 9

What occurs during the 2nd step of the strategic planning process?

Answer 9

1. You set clear, concise, achievable, and measurable objectives based on the accomplishment of the mission

Question 10

What occurs during the 3rd step of the strategic planning process?

Answer 10

1. Look at both the internal and external environment of the business.
2. This can be the most extensive step

Question 11

What occurs during the 4th step of the strategic planning process?

Answer 11

1. Decide what you will do to get from where you are to the accomplishment of the mission.
2. Allocate resources and connect management decisions to the people who will implement them

Question 12

What occurs during the 5th step of the strategic planning process?

Answer 12

1. Begin implementing the strategies
2. “Supervise and Refine”

Question 13

What occurs during the 6th step of the strategic planning process?

Answer 13

1. Develop control mechanisms to evaluate whether or not the plan is working
2. Circle back to the environmental scan if something is not working