Module 12

Question 1

is a method for doing or making something and consisting of a goal and a course of action. It should specify, at a minimum, what you will do, how will you do I, and by when will you’ll get it done

Answer 1

Planning

Question 2

This covers five years or more. The time span varies from one organization to another It covers
expansions, development of top managers, large issues of new stocks and bonds, new service development, and new plant construction. Strategic planning begins with an organization’s mission.

Answer 2

Long range planning

Question 3

is more subject to change, covering a period of one year to five years. It is a general guideline derived from an organization’s strategy. Relevant on a day-to-day basis for middle and first-line managers.

Answer 3

Intermediate range planning

Question 4

are the expected or desired outcome of a planning process, usually broad general expressions of the guiding principles and aspirations of a community.

Answer 4

Goals

Question 5

indicates the company’s “dream”; what it aims to become in the future, “what we want to become.”

Answer 5

Vision

Question 6

identifies the company’s reason for existence, “who are we.”

Answer 6

Mission

Question 7

involves identifying alternative courses of action that can be implemented if and when the original plan proves inadequate because of changing circumstances.

Answer 7

Contingency plan

Question 8

team members make rapid suggestions on how to achieve a certain goal or targets

Answer 8

Brainstorming

Question 9

is concerned with what the lower-level units within each division must do, how they must do it, and who is in charge at each level. Tactics are the means needed to activate a strategy and make it work.

Answer 9

Tactical Plan

Question 10

Planning Process/ Steps in Planning (in order)

Answer 10

1. Identification of Opportunities & Threats
2. Evaluation of present situation
3. Setting goals and objectives.
4. Determining Planning premises
5. Evaluating Alternatives
6. Programming
7. Budget Preparation

Question 11

1-6 Planning Methods and Tools

Answer 11

1. Brainstorming
2. Comparison matrix
3. Force-field analysis
4. Problem Trees
5. Role Playing
6. SWOT (Strength, Weaknesses, Opportunities and Threats)

Question 12

1-10. Plans classified according to scope includes?

Answer 12

1. Objectives
2. Policies
3. Procedures
4. Rules
5. Programs
6. Forecast
7. Strategies
8. Budget
9. Schedules
10. Projects

Question 13

1-5. Decision-Making Tools and Techniques

Answer 13

1. Cost-benefit
2. Feasibility study
3. Market research
4. SWOT Analysis