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1、61ChapterThree:FoundationsofPlanningTrueFalse1.Planningisconcernedwiththeends(whatistobedone)butrarelywiththemeans(howitistobedone.2.Withoutplanningtherecanbenoeffectivecontrol.3.Tacticalplansfmabasisfstrategicplans.4.Di

2、rectionalplansprovidefocusbutdonotlockmanagersintospecificobjectivesspecificcoursesofaction.5.MBOusesgoalstocontrolemployees.6.TheappealofMBOliesinitsemphasisonconvertingoverallobjectivesintospecificobjectivesfganization

3、alunitsindividualmembers.7.SWOTstsfstrengthsweaknessesopptunitiesthreats.TheSWrefertothestrengthsweaknessesofthecurrentfutureeconomy.8.Thefourgrstrategiesavailabletomostganizationsaregrowthstabilityretrenchmentnichestrat

4、egies.9.Ptersthreecompetitivestrategiesarecostleadershippriceleadershipniche.10.Thefirmthatseekstobeuniqueinitsindustryinwaysthatarewidelyvaluedbybuyersisfollowingadifferentiationstrategy.MultipleChoice1.Whichofthefollow

5、ingisnotincludedinthedefinitionofplanninga.Definetheganization’sobjectivesgoals.b.Establishanoverallstrategyfachievingtheseobjectivesgoals.c.Allocateresourcesdevelopachainofcommunication.d.Developahierarchyofplanstointeg

6、ratecodinateactivities.2.Whichofthefollowingisnotareasonfplanninga.providesdirectionb.reducestheimpactofchangec.maximizeswasteredundancyd.setsstardstofacilitatecontrol3.Whichofthefollowingisanargumentagainstfmalplanninga

7、.Planningfocusesonthefuture.b.Planningmaycreaterigidity.c.Planningreplacescreativity.d.Planningignesprisuccesses.4.Plansthatapplytotheentireganizationestablishtheganizationsoverallobjectivesseektopositiontheganizationint

8、ermsofitsenvironmentarecalled_____plans.a.operationalb.tacticalc.strategicd.singleuse5.Asystemwherebyperfmanceobjectivesarejointlydeterminedbysubdinatestheirsuperisreviewedbyprogressallocatedbyrewardsisknownasa.astingpla

9、n.6313.LarrysCompanyisintheprocessofbuyingasmallercompetitincpatingthatcompanysresourcesintohisbusiness.Thisisanexampleofwhichofthefollowingtypesofstrategiesa.mergerb.stabilityc.retrenchmentd.acquisition14.StacysCompanyc

10、ontinuestoofferthesamequalitybeautyproductsithasfthelast10years.Thecompanyissuccessfulhasnocurrentplansfchange.Whichofthefollowingtypesofstrategiesisitemployinga.growthb.stabilityc.retrenchmentd.combination15.HarrysCompa

11、nyapparentlyhasovergrownitsmarket.Itcannolongercompetesuccessfullyduetoitssizefmalization.Thusitisreducingitssizeindertoonceagainbecomecompetitive.Thisisknownaswhichofthefollowingstrategiesa.growthb.stabilityc.retrenchme

12、ntd.combination16.SusansCeramicsisexpingthesizeofitsunfinishedproductswhiledecreasingtheamountoffiringfinishingofproductsitdoes.Thisisknownaswhichofthefollowingstrategiesa.growthb.stabilityc.retrenchmentd.combination17.A

13、largediscountstelikeWalMartwhoseprimarygoalistohavethelowestpricesintheindustryisusingwhichofthefollowingstrategiestomaintainacompetitiveadvantagea.costleadershipstrategyb.differentiationstrategyc.focusstrategyd.retrench

14、mentstrategy18.Acystethatplacesitsexpensivechocolatesonlyinfinehotelsrestaurantsfrequentedbytheveryrichisusingwhichofthefollowingcompetitiveadvantagestrategiesa.costleadershipstrategyb.differentiationstrategyc.focusstrat

15、egyd.retrenchmentstrategyScenarioBasedQuestionsApplicationofSWOTAnalysisTerryhadbeentoldtoreexaminethestrategicnichetheircompanyheldinthecosmeticindustry.Topmanagementdidnotwantthecompanycaughtunawareofanychangesoccurrin

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