Strategic planning Flashcards
1
Q
what is strategic planning?
A
a systematic process; a cycle
2
Q
strategic planning involves…
A
- systematic process
- organization long-term vision
- setting specific goals and objectives
- developing strategic to achieve them
3
Q
Give the Importance of strategic planning
A
- provides direction and focus
- improves resource allocation
- enhances decision-making
- encourage proactive management
- boost organization performance
- facilities risk management
- ensures sustainabilty and growth
4
Q
6 key elements of strategic planning
A
- vision nd mission
- goal and objectives
- environmental analysis
- strategy formation
- implementation
- evaluation and control
5
Q
give the Financial Services
A
- loans
- savings
- insurance
- remittance services
6
Q
what financial services provide?
A
- provides low- income individuals
- provides people without access to traditional bank
7
Q
Purpose of Microfinance
A
- provide financial inclusion
- empower individuals and become economically self-sufficient
- promote entrepreneurship and small business
8
Q
4 key components of microfinance
A
- microloans
- microsavings
- microinsurance
- remittance services
9
Q
founder of grameen bank
A
Dr. Muhammad Yunus
10
Q
A
