Strategic management and Planning Flashcards
1
Q
What is ensured if PLANNING is done by a company/business?
A
Future Success of a Business
2
Q
Which tools are involved in any discussion about a STRATEGIC PLANNING?
A
Decision Trees, Critical Path Analysis, Investment Appraisal
3
Q
Should OBJECTIVES and PLANNING fit with each other or not???
A
Should FIT with each other!
4
Q
In order to remain COMPETITVE, which factors should be considered by Businesses?
A
- New Products
- Changes in their Market
- Cashflow
- Investment Decisions
5
Q
What is the vision/feeling of businesses That do not PLAN AHEAD?
A
They start feeling that they’re OVERTAKEN by COMPETITORS and their profit is also low because of them.
