Principles of Management
Objective Assessment EXAM LATEST
2026 ALL STUDY QUESTIONS WITH
CORRECT ANSWERS GUARANTEED
PASS | TOP RATED A+
C
Terms in this set (142)
- Identifying and Diagnosing the problem What are the general decision-making stages?
- Generating alternative solutions
- evaluating alternatives
- making the choice
- implementing
- evaluation
, - situational analysis What are the specific formal planning steps?
- alternative goals and plans
- goal and plan evaluation
- goal and plan selection
- implementation
- monitor and control
Situational Analysis a process planners use, within time and resource constraints,
to gather, interpret, and summarize all information relevant to
the planning issue under consideration
specific, measurable, attainable, relevant, SMART
goals and time-bound
scenario narrative that describes a particular set of future
conditions (different contingency plans to each)
strategic planning A set of procedures for making decisions about the
organization's long-term goals and strategies
strategic goals Major targets or end results relating to the
organization's long-term survival, value, and growth
strategy A pattern of actions and resource allocations designed to
achieve the organization's goals
tactical planning translating broad strategic goals and plans into specific goals
and plans that are relevant to a distinct portion of the
organization, such as a functional area like marketing
operational planning The process of identifying the specific procedures and
processes required at lower levels of the
organization
strategy map provides a tool managers can use to communicate their
strategic goals and enable members of the organization at
every level to understand the parts they will play in helping to
achieve them
Strategic Management A process that involves managers from all parts of
the organization in the formulation and
implementation of strategic goals and strategies
strategic planning becomes an ongoing activity in which all managers are
encouraged to think strategically and focus on long-term,
externally oriented issues as well as short-term tactical and
operational issues.
Objective Assessment EXAM LATEST
2026 ALL STUDY QUESTIONS WITH
CORRECT ANSWERS GUARANTEED
PASS | TOP RATED A+
C
Terms in this set (142)
- Identifying and Diagnosing the problem What are the general decision-making stages?
- Generating alternative solutions
- evaluating alternatives
- making the choice
- implementing
- evaluation
, - situational analysis What are the specific formal planning steps?
- alternative goals and plans
- goal and plan evaluation
- goal and plan selection
- implementation
- monitor and control
Situational Analysis a process planners use, within time and resource constraints,
to gather, interpret, and summarize all information relevant to
the planning issue under consideration
specific, measurable, attainable, relevant, SMART
goals and time-bound
scenario narrative that describes a particular set of future
conditions (different contingency plans to each)
strategic planning A set of procedures for making decisions about the
organization's long-term goals and strategies
strategic goals Major targets or end results relating to the
organization's long-term survival, value, and growth
strategy A pattern of actions and resource allocations designed to
achieve the organization's goals
tactical planning translating broad strategic goals and plans into specific goals
and plans that are relevant to a distinct portion of the
organization, such as a functional area like marketing
operational planning The process of identifying the specific procedures and
processes required at lower levels of the
organization
strategy map provides a tool managers can use to communicate their
strategic goals and enable members of the organization at
every level to understand the parts they will play in helping to
achieve them
Strategic Management A process that involves managers from all parts of
the organization in the formulation and
implementation of strategic goals and strategies
strategic planning becomes an ongoing activity in which all managers are
encouraged to think strategically and focus on long-term,
externally oriented issues as well as short-term tactical and
operational issues.
