BES 116

Question 1

Provides the basic directions and rationale for determining where an organization should lead.

Answer 1

Strategic Planning `

Question 2

Refers to a disciplined effort to produce fundamental decisions.

Answer 2

Strategic Planning

Question 3

Process of defining its strategy.

Answer 3

Strategic Planning

Question 4

The ABS’s of SP

Answer 4

A. Resources
B. Goals
C. Plan

Question 5

Involves determining where you are.

Answer 5

Resources

Question 6

Involves determining where you want to go.

Answer 6

Goal

Question 7

Involves figuring out how to get there.

Answer 7

Plan

Question 8

The content of A and B are organization’s misssion, structure and systems.

Answer 8

Yes

Question 9

The content of C is the strategic plan.

Answer 9

Yes

Question 10

Getting from A to C iss the process of strategic formulation which involves calrifying, mission, vision and goal.

Answer 10

Yes

Question 11

Getting from B to C is strategy implementation..

Answer 11

Yes

Question 12

To do strategic planning, you need to figure out A, B, and C and must be connected.

Answer 12

Yes

Question 13

Gathered data from different ource such as interviews, or review oof publicly available docments.

Answer 13

Inputs

Question 14

Include meetings and other communication among the organization leaders.

Answer 14

Activities

Question 15

Includes documentation and communication describing the org. strategy and how it should be implemented.

Answer 15

Outputs

Question 16

Invariably differ from the strategic the strategic goals.

Answer 16

Outcomes

Question 17

The internal and external environments of the company are considered.

Answer 17

Yes

Question 18

It includes the internal environment.

Answer 18

1. Company strengths and weaknesses.

2. Personal values of kep implementers (management and board).

Question 19

Includes the external environment.

Answer 19

1. Industry opportunities and threats.

2. Broader societal expectations.

Question 20

The purpose of SP is to provide solid framework for identifying needed resources in equipment, capital and personel of the org.

Answer 20

Yes

Question 21

SP becomes the foundation for operational strategies and for educating stakeholders (board members, employees, funders and consumers) about the organization’s business direction and priorities.

Answer 21

Yes

Question 22

SP plan describes what the organization will do to be successful. In short, it becomes a map and blueprint for getting the organization from where it is now to where it wants to be.

Answer 22

Yes

Question 23

The importance of SP.

Answer 23

1. Strategic planning improves performance.
   
   2. Strategic planning resolves current challenges and/or avoid future problems.
   3. Strategic planning enables the organization or company to invest resources more effectively.
   4. Strategic planning provides a framework for decision making.

Question 24

Refers to the way in which people in an organization think about, assess, view and create the future for themselves and their associates.

Answer 24

Strategic Thinking

Question 25

Focuses on how to create a better future by being proactive and adding value to society through the accomplishment of high pay-off results.

Answer 25

Strategic Thinking

Question 26

Always involves change, creating an ideal future by defining and achieving results.

Answer 26

Strategic Thinking

Question 27

Six Critical Success Factors in ST

Answer 27

1. Move out of your comfort zone – take risks 2. Differentiate ends from means 3. Use the three levels of planning and results (mega, macro, micro) 4. Prepare all objectives 5. Use an ideal vision 6. Defining need as a gap in results