PPA 265 exam 2 mayhew jmu questions
with correct answers
strategic management - CORRECT ANSWER✔✔-Integrative management field that
| | | | | | |
combines analysis, formulation, and implementation in the quest for competitive
| | | | | | | | | | |
advantage
- long term thinking and the integration of strategic planning in all management
| | | | | | | | | | | | |
systems
- Understanding external market opportunities
| | | |
and challenges while creating service delivery
| | | | |
systems to address the needs and interests of
| | | | | | |
multiple stakeholders |
strategic planning - CORRECT ANSWER✔✔-- Formalized process by which an
| | | | | | | | | |
organization makes a study of its vision for the future
| | | | | | | | |
- a set of concepts, procedures, and tools designed to help leaders, managers,
| | | | | | | | | | | | |
and planners think and act strategically
| | | | |
what does a strategy entail? - CORRECT ANSWER✔✔-- executive leadership
| | | | | | | | |
- incremental adjustments
| |
,- articulation and dissemination of vision
| | | | |
- alignment
|
what is the purpose for strategic management? - CORRECT ANSWER✔✔-
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Management focus that accounts for changes in the environment & the
| | | | | | | | | | |
organizations placed w/in it | | |
•Technology
•Markets for services | |
•Funding sources |
•Competition
Both internal & external
| | |
what are the 4 principles of strategic management? - CORRECT ANSWER✔✔--
| | | | | | | | | | |
concern with long-term | |
- integrating goals/objectives into a coherent hierarchy
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- the process is not self-implementing
| | | | |
- external perspective
| | |
- aware of political authority
| | | |
pros of strategic management - CORRECT ANSWER✔✔-- implementation and
| | | | | | | | |
organizational culture |
cons of strategic management - CORRECT ANSWER✔✔-- mission and goals for
| | | | | | | | | | |
public organizations
|
, - rigidly applied
| |
- bias against creativity and innovation
| | | | |
- public context
| |
- accountability
|
- setting of objectives
| | |
pros of strategic planning - CORRECT ANSWER✔✔-- proactive rather than reactive
| | | | | | | | | |
- addresses "real" problems and forces them to be considered
| | | | | | | | |
- formal mandate
| |
- builds relationships
| |
- increases knowledge of organizational activities
| | | | |
- broad focus
| |
cons of strategic planning - CORRECT ANSWER✔✔-- a lot of money
| | | | | | | | | |
- time
|
- possible conflict w/in organization
| | | |
- issues with authority
| | |
first steps of a strategic plan - CORRECT ANSWER✔✔-mission statement and
| | | | | | | | | | |
vision statement |
mission statement - CORRECT ANSWER✔✔-- Should give the purpose of the
| | | | | | | | | | |
organization: what it does, why it exists | | | | | |
- Activities that organizations conduct to achieve this purpose
| | | | | | | |
with correct answers
strategic management - CORRECT ANSWER✔✔-Integrative management field that
| | | | | | |
combines analysis, formulation, and implementation in the quest for competitive
| | | | | | | | | | |
advantage
- long term thinking and the integration of strategic planning in all management
| | | | | | | | | | | | |
systems
- Understanding external market opportunities
| | | |
and challenges while creating service delivery
| | | | |
systems to address the needs and interests of
| | | | | | |
multiple stakeholders |
strategic planning - CORRECT ANSWER✔✔-- Formalized process by which an
| | | | | | | | | |
organization makes a study of its vision for the future
| | | | | | | | |
- a set of concepts, procedures, and tools designed to help leaders, managers,
| | | | | | | | | | | | |
and planners think and act strategically
| | | | |
what does a strategy entail? - CORRECT ANSWER✔✔-- executive leadership
| | | | | | | | |
- incremental adjustments
| |
,- articulation and dissemination of vision
| | | | |
- alignment
|
what is the purpose for strategic management? - CORRECT ANSWER✔✔-
| | | | | | | | |
Management focus that accounts for changes in the environment & the
| | | | | | | | | | |
organizations placed w/in it | | |
•Technology
•Markets for services | |
•Funding sources |
•Competition
Both internal & external
| | |
what are the 4 principles of strategic management? - CORRECT ANSWER✔✔--
| | | | | | | | | | |
concern with long-term | |
- integrating goals/objectives into a coherent hierarchy
| | | | | |
- the process is not self-implementing
| | | | |
- external perspective
| | |
- aware of political authority
| | | |
pros of strategic management - CORRECT ANSWER✔✔-- implementation and
| | | | | | | | |
organizational culture |
cons of strategic management - CORRECT ANSWER✔✔-- mission and goals for
| | | | | | | | | | |
public organizations
|
, - rigidly applied
| |
- bias against creativity and innovation
| | | | |
- public context
| |
- accountability
|
- setting of objectives
| | |
pros of strategic planning - CORRECT ANSWER✔✔-- proactive rather than reactive
| | | | | | | | | |
- addresses "real" problems and forces them to be considered
| | | | | | | | |
- formal mandate
| |
- builds relationships
| |
- increases knowledge of organizational activities
| | | | |
- broad focus
| |
cons of strategic planning - CORRECT ANSWER✔✔-- a lot of money
| | | | | | | | | |
- time
|
- possible conflict w/in organization
| | | |
- issues with authority
| | |
first steps of a strategic plan - CORRECT ANSWER✔✔-mission statement and
| | | | | | | | | | |
vision statement |
mission statement - CORRECT ANSWER✔✔-- Should give the purpose of the
| | | | | | | | | | |
organization: what it does, why it exists | | | | | |
- Activities that organizations conduct to achieve this purpose
| | | | | | | |
