NATURE OF PLANNING

Question 1

settting the direction and goals of an organization, establishing a system that will define the activities of the organization

Answer 1

planning

Question 2

an important aspect of planning is defining the company’s identity and reason for being

Answer 2

vision and mission statements

Question 3

describe what the company wants to achieve and where it wants to go in the future

Answer 3

vision statement

Question 4

describe a company’s reason for its existence

Answer 4

mission statement

Question 5

are specific accomplishments or action plans that are usually attained after a long period

Answer 5

goals

Question 6

refer to action plans that involve shorter periods and more measurable outputs

Answer 6

objectives

Question 7

the vision project to the market the kind of company that the management wants to create and the kinf of company it aspires to be

Answer 7

graphic

Question 8

it describe the path where the company wants to go and present specific plans to move forward in the future

Answer 8

direction

Question 9

the vision is very specific so managers are properly guided on what to do in term of resources and strategies

Answer 9

focused

Question 10

Although the vision should be focused, itallows room for managers to change based on market situations, technological
advancements, and customer preferences.

Answer 10

FLEXIBLE

Question 11

The vision is achievable and realistic.

Answer 11

FEASIBLE

Question 12

The vision is clear on why the path is practically sensible and serve the
interests of members in the long run.

Answer 12

DESIRABLE

Question 13

The vision is easy to understand,
articulated, and can be simplified into a powerful slogan

Answer 13

EASY TO COMMUNICATE