Ch 4 The Basic Planning Process
12 Questions
| Total Attempts: 43
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CH 4 The Basic Planning Process,CH 4 The Basic Planning Process
Questions and Answers
- 1.A ------------ (P): A method for doing or making something, consisting of a goal and a course of action.
- 2.A ----------------- (G): A specific result to be achieved; the end result of a plan.
- 3.------------------ (O): Specific results toward which effort is directed.
- 4.------------------ (P): The process of setting goals and courses of action, developing rules and procedures and forecasting future outcomes.
- 5.What ---------------- Entails?- Choosing goals and courses of action and deciding now what to do in the future to achieve those goals.-Assessing today the consequences of various future courses of action.
- 6.WHAT PLANNING ACCOMPLISHES? 6 things
- 7.A ------------------ (H) of plans: A set of plans that includes the company-wide plan and the derivative plans of subsidiary units required to help achieve the enterprise-wide plan.
- 8.The ---------------- (P) hierarchy: Top management formulates its plans based on upward feedback from the departments, and the departments in turn draft plans that make sense in terms of top managements plan.
- 9.How to develop a plan? 6 steps
- 10.Who Does the Planning?IN: Small Businesses, Large firms?
- 11.Name the business plan components? 4
- 12.Principles of Goal-Setting? 6
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