(Top 2024/2025 EXAM REVIEW PAPER ) WGU: Principles of Management Strategic Planning, Exam Questions and answers, rated A+

WGU: Principles of Management Strategic Planning, Exam Questions and answers, rated A+ What are the 6 steps to formal planning? - -Situational analysis, Alternative goals and plans, Goal and plan evaluation, Goal and plan selection, Implementation, Monitor and control. What is a SMART goal break down? - -Specific, measurable, attainable, relevant, time-bound What is strategic planning? - -Making decisions about the organization's long-term goals and strategies What are strategic goals? - -Major targets or results that relate to the long term survival, value, and growth of an organization What does tactical planning do? - -Translates broad strategic goals into specific goals that are relevant to a distinct portion of the organization. What is operational planning? - -Identifies the specific processes and procedures required at lower levels of the organisation What is strategic management? - -It involves mangers from all parts of the organization in the formulation and Implementation of strategic goals What is the first step of the strategic management process? - -Establish mission,mission and goals What is the second step of the strategic management process? - -Analysis of external opportunities and threats What is the third step of the strategic management process? - -