PGA Level 1 Facility Management (well answered)

PGA Business Planning Model correct answers The process for developing a business plan starts before you established the goals you would like to achieve for the shop's coming year, correct answers True Staff should be involved in effective business planning to create a sense of ownership. correct answers True, Majors stakeholders and staff. Assessing the current state of business is the most significant advantage of strategic business planning. correct answers False. Most significant advantage is it provides a long term vision. Who should provide direction for creating the business plan at a golf operation? correct answers The people in charge. Pros, board members, and GM. Key stakeholders. What are the five phases of the PGA Business planning model? correct answers Define the business Assess the current state of the business. Develop business goals, objectives, and related strategics. Prepare financial forecasts and budgets. Monitor performance According to the business planning model, a business plan should build on and refine the operational plan. correct answers False What is the usual business destination for long range planning. correct answers Usually a long term is 3-5 years. A part of this long-range plan is annual operating budget and cash flow statement. Proactive planning is one of the anticipated outcomes of strategic business planning. correct answers True What is the most significant benefit of strategic business planning. correct answers It provides a long term vision and destination and does not just focus on the current state of the business. Clarification of job responsibilities is one of the added values provided by the strategic planning process. correct answers False Business goals are typically developed in the Defining the business phase of the business planning process. correct answers False. Those are developed in the develop business goals.