Strategic Planning Process

Question 1

The process of finding the best
means of attaining organizational goals. It defines what
the organization is all about and what it wants to achieve
in clear and certain terms.

Answer 1

STRATEGIC PLANNING PROCESS

Question 2

It defines the chosen market, customers, clientele, or
beneficiaries the organization wants to serve. It specifies
the results or outcomes the organization hopes to produce
and how it will produce those results.

Answer 2

STRATEGIC PLANNING PROCESS

Question 3

Is about making major moves that will determine the long term direction of the organization. It is
a set of principles and philosophies which would,
hopefully, guide all the operational activities of the
organization.

Answer 3

STRATEGIC PLANNING PROCESS

Question 4

Therefore, _____ seeks to obtain good costbenefit, investment-return, and input-outcome ratios
given the resources the organization can marshal and the environmental conditions it operates.

Answer 4

Strategic Planning

Question 5

_____ can be a _____ for a business as it provides
companies with _____ that aid in daily _____.

Answer 5

1. Strategic planning
2. vital tool
3. measurable objectives
4. decision-making

Question 6

This planning process helps prevent companies from
aimlessly performing business tasks without set priorities or a real
purpose. Without a clear vision in mind for the future, employers
may make wrong decisions for their business and employees may
be confused about their position in the company.

Answer 6

STRATEGIC PLANNING PROCESS

Question 7

A _____ is designed to drive businesses in the right
direction and promote the exchange of useful ideas between
people with similar goals.

Answer 7

strategic
planning process

Question 8

The strategic planning process is essentially a _____ that
managers should follow to complete and implement a strategy
within a company.

Answer 8

list of steps

Question 9

What are the several key components that make up
the strategic planning process?

Answer 9

common phases like
strategic analysis and strategy formulation, along with
implementation and monitoring

Question 10

Although the strategic planning
process requires _____ and can be a _____, most businesses can agree that the process can _____.

Answer 10

1. great patience
2. challenging
   undertaking
3. yield
   highly rewarding results