S1_L3: Planning for Organizational Success Flashcards
Enumerate the 4 major functions of managers.
- Planning
- Organizing
- Leading
- Controlling
According to Beatt, planning is a “(1)_____process, the organized foresight, the vision based on (2)_____ and (3)_____ that is required for intelligent (4)______.”
- thinking
- fact
- experience
- action
TRUE OR FALSE: Planning bridges the gap from where we are to where we want to go.
True
A ______ is a pre-determined course of action to achieve a specific goal.
plan
What is the primary function of management?
Planning
The following are importance of planning, EXCEPT:
A. Minimizes risk and uncertainty
B. Facilitates the coordination of activities
C. Set out standards for controlling
D. Identifies strengths and weaknesses
E. None
D. Identifies strengths and weaknesses
NOTE: It identifies future opportunities and threats
“A Goal without a Plan is just a _____”
Wish
An organizational plan answers what 4 questions?
- Destination (Where do you want to take your business?)
- Initial Point (Where are you at the current time?)
- Journey (How will you get there?)
- Checkpoint (How will you know if you’re succeeding?)
What are the types of organizational planning?
- Strategic Planning
- Tactical Planning
- Operational Planning
- Contingency Planning
Determine the types of organizational planning.
Backup plans in case primary plan fails
A. Strategic Planning
B. Tactical Planning
C. Operational Planning
D. Contingency Planning
D. Contingency Planning
Determine the types of organizational planning.
Describes how the company will implement its strategic plan
A. Strategic Planning
B. Tactical Planning
C. Operational Planning
D. Contingency Planning
B. Tactical Planning
Determine the types of organizational planning.
It encompasses what needs to happen continually on a day-to-day basis in order to execute the tactical plan
A. Strategic Planning
B. Tactical Planning
C. Operational Planning
D. Contingency Planning
C. Operational Planning
Determine the types of organizational planning.
It defines the company’s goal for a period of time, whether that is one-year or a ten-year period.
A. Strategic Planning
B. Tactical Planning
C. Operational Planning
D. Contingency Planning
A. Strategic Planning
Determine the types of organizational planning.
The identification of specific, short-range objectives.
A. Strategic Planning
B. Tactical Planning
C. Operational Planning
D. Contingency Planning
B. Tactical Planning
Determine the types of organizational planning.
Sets standards for the employees
A. Strategic Planning
B. Tactical Planning
C. Operational Planning
D. Contingency Planning
C. Operational Planning
Determine the types of organizational planning.
Cover a range of possible scenarios and appropriate responses for issues varying from personal, planning to advance preparation for outside occurrences that could negatively impact the business.
A. Strategic Planning
B. Tactical Planning
C. Operational Planning
D. Contingency Planning
D. Contingency Planning
Determine the types of organizational planning.
A company’s big picture. It ensures that those goals should be aligned with the
company’s mission, vision and values.
A. Strategic Planning
B. Tactical Planning
C. Operational Planning
D. Contingency Planning
A. Strategic Planning
_______ communicates the organization’s reason for being, and how it aims to serve its key stakeholders.
Mission
______ play the role of the strategic “north star”, providing focus and long term alignment.
Vision
Mission and vision statements play three critical roles:
1. _______ the purpose of the organization to the stakeholders
2. They inform the _______ development
3. They develop a measurable _____ & ______ to gauge the success of the organization’s strategy
- Communicate
- strategy
- goals and objectives
Enumerate the 5 steps of organizational planning.
- develop a strategic plan
- translate into tactical plan
- create an operational plan
- execute plans
- monitor progress and adjust
_____ is a framework for identifying and analyzing an organization’s strengths, weaknesses, opportunities and threats
SWOT analysis
An external fact or development that has or can have a substantial negative effect on an organization’s performance.
A. Strength
B. Weakness
C. Opportunities
D. Threats
D. Threats
An internal characteristic that contributes substantially to the realization of the organization’s mission.
A. Strength
B. Weakness
C. Opportunities
D. Threats
A. Strength
