WGU C483 - Principles of Management Ch 4. Questions and answers, VERIFIED 2024

The planning process is similar to the _____ process in that both have a series of steps that are typically repeated in a cycle. - -decision-making In a SWOT analysis, the absence of reliable suppliers would be considered as a(n): - -weakness. SWOT analysis helps managers summarize the relevant, important facts from their external and internal analyses. Weaknesses might be lack of spare production capacity and the absence of reliable suppliers. A _____ system is a component of the strategic management process designed to support managers in evaluating the organization's progress with its strategy and, when discrepancies exist, taking corrective action. - -strategic control The final component of the strategic management process is strategic control. A strategic control system is designed to support managers in evaluating the organization's progress with its strategy and, when discrepancies exist,