Chapter 5 Quiz

Question 1

Ideally, who should provide input in the development of the strategic plan?

Answer 1

• Physicians and other providers
• Volunteers
• Senior management

Question 2

A review of the organization’s past strategic performance should be included as part of future strategy development.

Answer 2

True

Question 3

Ignoring market and internal forces can most certainly lead to organizational death.

Answer 3

True

Question 4

Information on an organization’s core capabilities is relatively easy to obtain.

Answer 4

False

Question 5

Organizational dashboard metrics should include a baseline, target, and timeframe.

Answer 5

True

Question 6

The development of a strategic plan is most often done with a one-year time horizon.

Answer 6

False

Question 7

What is the role of the manager in the strategic planning process?

Answer 7

• To monitor their area of expertise in terms of market developments
• To provide input to the planning department and senior management on an ongoing basis
• To monitor and control targeted strategies over time
• To communicate strategies and rationales to staff

Question 8

Which of the following is not a potential barrier to successful execution of a strategic plan?

Answer 8

Not enough strategies to implement

Question 9

Why is it important to develop multiple scenarios for the futurecast?

Answer 9

To consider the most likely scenarios since a futurecast deals with a variety of predictions

Question 10

Why is the development of tactical plans important?

Answer 10

• Tactical plans answer the who, what, when, where, and how questions of strategy implementation.
• Tactical plans are necessary for managers to understand their roles in strategy execution.
• Tactical plans are necessary for budgeting purposes.
• Tactical plans are used to monitor the implementation of a strategy.