Corporate Planning and Implementation

Question 1

corporate plan

Answer 1

a plan containing details of a business’s central objectives and the strategies to achieve them

Question 2

corporate planning

Answer 2

the process used by companies to set long - term plans to meet certain objectives, such as business growth and higher return on capital employment

Question 3

corporate culture

Answer 3

the values, attitudes and beliefs of the people working in an organisation that affect the way they interact with each other, and with external stakeholders

Question 4

power culture

Answer 4

a culture that concentrates power among just a few people

Question 5

role culture

Answer 5

a culture in which each member of staff has clearly defined job title and role

Question 6

task culture

Answer 6

a culture based on cooperation and teamwork

Question 7

person culture

Answer 7

a culture in which individuals are given the freedom to express themselves fully and make decisions for themselves

Question 8

entrepreneurial culture

Answer 8

a culture that encourages management and workers to take risk, to come up with new ideas and test and test out new business ventures

Question 9

transformational leadership

Answer 9

the leader works with teams to identify the need for change, creates a vision to inspire people to accept change and implements change with the cooperation of the team

Question 10

change management

Answer 10

planning, implementing, controlling and reviewing in the movement of an organisation from it’s current state to a new one

Question 11

business process re - engineering

Answer 11

fundamentally rethinking and redesigning the processes of a business to achieve a dramatic improvement in performance

Question 12

project champion

Answer 12

a person appointed to support a project and drive it forward by explaining the benefits of change and assisting and supporting the team putting change into practice

Question 13

project groups

Answer 13

groups created by an organisation to address a problem that requires input from different specialist

Question 14

contingency plan

Answer 14

a plan for preparing an organisation resources for unlikely events

Question 15

crisis management

Answer 15

the process of dealing with a sudden emergency event

Question 16

continuity planning

Answer 16

preparing resources so that the business can continue operations after a major crisis