CAIB 4 EXAM (NEWEST VERSION) |
ALL QUESTIONS AND CORRECT
ANSWERS (DETAILED ANSWERS) |
GRADED A+ | VERIFIED ANSWERS |
LATEST EXAM
Save
Terms in this set (105)
1) Top Down Planning - Management
provides the mission, strategies, and
What are the two objectives for the brokerage
approaches to 2) Bottom Up Planning -
planning? Management provides the mission
Explain each and broad strategies. Leaves the
objectives, goals and activities to
business units.
,What are the Advantages: Management feels in
advantages and control and in charge of decision
disadvantages of making.
top down Disadvantages: hard to get buy-in
planning? from employees
Advantages: business units have
What are the
ownership and buy in.
advantages and
Disadvantages: Management feels
disadvantages of
less in control, there may be
bottom up
resistance to changes made to the
planning?
plan by management.
Why is Top Stifles innovation, slows decisions,
Down planning managers need to know too much,
not suitable for a
small
organization.
What are the 1) Simplicity
four 2) Practicability
characteristics of 3) Severability
a plan? 4) Flexibility
, The plan should be explainable in
simple terms.
Explain
The plan should be implemented
Simplicity (2
without extensive training while
points)
employees continue their day to day
operations.
Explain The plan must be realistic
Practicability
The parts of a plan must be separate
Explain
and identifiable.
severability (2
Each business unit must see how to
points)
apply it to their area
A good plan must allow for
Explain flexibility
modification as it is implemented.
Explain the Strategic plans are broad and cover
difference 3-5 years.
between a Action plans give specific activities
strategic plan to support SP. They apply to a
and an action particular unit and cover 1-3 years,
plan typically one year.
How many Seven.
components of a
strategic plan
are there?
ALL QUESTIONS AND CORRECT
ANSWERS (DETAILED ANSWERS) |
GRADED A+ | VERIFIED ANSWERS |
LATEST EXAM
Save
Terms in this set (105)
1) Top Down Planning - Management
provides the mission, strategies, and
What are the two objectives for the brokerage
approaches to 2) Bottom Up Planning -
planning? Management provides the mission
Explain each and broad strategies. Leaves the
objectives, goals and activities to
business units.
,What are the Advantages: Management feels in
advantages and control and in charge of decision
disadvantages of making.
top down Disadvantages: hard to get buy-in
planning? from employees
Advantages: business units have
What are the
ownership and buy in.
advantages and
Disadvantages: Management feels
disadvantages of
less in control, there may be
bottom up
resistance to changes made to the
planning?
plan by management.
Why is Top Stifles innovation, slows decisions,
Down planning managers need to know too much,
not suitable for a
small
organization.
What are the 1) Simplicity
four 2) Practicability
characteristics of 3) Severability
a plan? 4) Flexibility
, The plan should be explainable in
simple terms.
Explain
The plan should be implemented
Simplicity (2
without extensive training while
points)
employees continue their day to day
operations.
Explain The plan must be realistic
Practicability
The parts of a plan must be separate
Explain
and identifiable.
severability (2
Each business unit must see how to
points)
apply it to their area
A good plan must allow for
Explain flexibility
modification as it is implemented.
Explain the Strategic plans are broad and cover
difference 3-5 years.
between a Action plans give specific activities
strategic plan to support SP. They apply to a
and an action particular unit and cover 1-3 years,
plan typically one year.
How many Seven.
components of a
strategic plan
are there?
