Mgmt 3013: Oklahoma State University Exam 2 Questions and Correct Answers 2025/2026

Mgmt 3013: Oklahoma State University Exam 2 Questions and Correct Answers 2025/2026 Planning - Answer -Coping with uncertainty and making future actions to achieve results; setting goals and deciding how to achieve them. Business Plan - Answer -Starting a plan; document that outlines a proposed firms' goal, the strategy for achieving them and standards for measurement. Business Model - Answer -Outlines the need the firm will fill, operates the business, it's components and functions, and expected revenues and expenses. Strategy - Answer -Over all guiding; Large- scale plan that sets the direction for an organization; educated guess about what must be done long term Strategic Management - Answer -Incorporating managers from all levels of the organization in the formulation and cooperation of the organizations strategy; Engaging with first line managers and top managers helps the organization because they can see what is realistic or feasibleWhy planning and strategic management are important- - Answer - Provide direction and momentum, enc