PPA 265 Exam 2 Mayhew Jmu Questions And
Complete Answers
strategic management - answer an 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 - 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? - answer - executive leadership
- incremental adjustments
- articulation and dissemination of vision
- alignment
what is the purpose for strategic management? - 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? - 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 - answer - implementation and organizational culture
cons of strategic management - answer - mission and goals for public organizations
- rigidly applied
- bias against creativity and innovation
- public context
- accountability
- setting of objectives
pros of strategic planning - 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 - answer - a lot of money
- time
- possible conflict w/in organization
- issues with authority
first steps of a strategic plan - answer mission statement and vision statement
mission statement - answer - Should give the purpose of the organization: what it does,
why it exists
- Activities that organizations conduct to achieve this purpose
- Organizational values
vision statement - answer ideal future --> big picture of the way things ought to be
Complete Answers
strategic management - answer an 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 - 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? - answer - executive leadership
- incremental adjustments
- articulation and dissemination of vision
- alignment
what is the purpose for strategic management? - 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? - 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 - answer - implementation and organizational culture
cons of strategic management - answer - mission and goals for public organizations
- rigidly applied
- bias against creativity and innovation
- public context
- accountability
- setting of objectives
pros of strategic planning - 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 - answer - a lot of money
- time
- possible conflict w/in organization
- issues with authority
first steps of a strategic plan - answer mission statement and vision statement
mission statement - answer - Should give the purpose of the organization: what it does,
why it exists
- Activities that organizations conduct to achieve this purpose
- Organizational values
vision statement - answer ideal future --> big picture of the way things ought to be
