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16 Cards in this Set
- Front
- Back
- 3rd side (hint)
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What are the five planning dimensions?
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management level, type of plan, scope, time, and repetitiveness
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5 types
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What are two types of plans?
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strategic and operational
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Is there a difference between a plan and a strategy
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A strategy is part of a plan
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Which planning levels and their strategies are part of strategic planning
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Corporate and business strategies are part of a strategic planning and functional strategies are part of operational planning
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What are the steps in the strategic planning process
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The steps in strategic planning are developing the mission, analyzing the environment, setting objectives, developing strategies, and implementing and controlling strategies
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there is 5 types
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What is the relationship between the mission statement and developing strategies
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Developing the mission is the first step in the strategic planning processes
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Why is a company situation analysis part of the strategic planning process
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A SWOT analysis is part of a company situation analysis
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What is the writing objective model
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An objective should be specific measurable and have a target date
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3 types
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What criteria should an objective meet
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Eject it should be difficult but achievable
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What are the grand strategies
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The grand strategies include growth, integration, turn around, and retrenchment or a combination of these
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4 types
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What is the difference between a merger and an acquisition
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Mergers and acquisitions are common methods for pursuing a growth strategy
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What are the adaptive strategies
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The adaptive strategies are prospecting, defending, and analyzing
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Three types
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What is the relationship between grand strategies an adaptive strategies?
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The adaptive strategies correspond to the grand strategies
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What are the competitive strategies
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The competitive strategies are differentiation, cost, leadership, focus
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4 types
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What are the common functional strategy areas?
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The common functional strategy areas are marketing, operations, human resources, and finance
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4 types
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What is the difference between standing plans and single use plans?
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Standing plans include rules, policies, and procedures
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Three types
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