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CCT 112 Final Exam with all Correct & 100% Verified Answers |Already Graded A+

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CCT 112 Final Exam with all Correct & 100% Verified Answers |Already Graded A+

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CCT 112 Final Exam with all Correct & 100% Verified
Answers |Already Graded A+

What is planning ✔Correct Answer-Setting goals, establishing strategies and developing plans

List some purposes for planning ✔Correct Answer-Providing direction
Reducing uncertainty
Making goals

What are the 2 types of planning? ✔Correct Answer-Formal - specific
Informal - little communication

What are 2 approach methods ✔Correct Answer-Top down
Bottom up

What is management by objective ✔Correct Answer-Plan to set mutually agreed goals, using them
to evaluate performancd

Dynamic environment and the issue ✔Correct Answer-Rapidly changing environment, need flexible
plans for it

Environment scanning ✔Correct Answer-Scanning the environment and detecting trends

Digital tools are? ✔Correct Answer-Business intelligence - using data to make decisions
Digital tools - technology to collect and analyze the data
Social media

What is VUCA ✔Correct Answer-volatile, uncertain, complex, ambiguous

External forces for change? ✔Correct Answer-Government
Tech
Economy

Internal forces for change? ✔Correct Answer-Strategy
Equipment
Employee attitude

What is strategic management ✔Correct Answer-How managers develop strategies

6 steps of strategic management process ✔Correct Answer-1. Identifying the organization's current
mission, goals, and strategies
2. Doing an external analysis
3. Doing an internal analysis
4. Formulating strategies
5. Implementing strategies
6. Evaluating results

What are the 4 corporate strategies ✔Correct Answer-Growth
Stability

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