16. A Strategic Plan is likely to containVisionTraining TargetsMonthly targetsO High Level Targets17. Planning is pervasive; it implies that:The managers at lower levels have toplan within the framework of severalrules and proceduresPlanning is the basic requirement ofall managerial functionsThe plan must aim at achievingcertain objectivesPlanning is such a function which ispresent at all levels of management

Management commences with planning and planning starts with the definition of objectives. Without…

Answered: 16. A Strategic Plan is likely to…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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38 - Which of the following is one of the management functions predominantly found in the first level manager group? A) Decision makingB) PlanningC) AuditD) RoutingE) Organizing
A. Distinguish the different levels of IS planning and the processes relating to each level?B. Discuss the benefits of IS planning? c. Identify some of the desirable attributes an IS planner should possess?
11 Which of the following is a management function carried out to make comparisons between planned objectives (planning and organizing) and actual situations (executive) in an enterprise and organization? a) Executive B) Control NS) Coordination D) Organizing TO) Planning
1. The Importance of Planning: 000 Planning is a fundamental aspect of achieving goals and objectives. Whether in personal endeavors or professional projects, a well-thought-out plan provides a roadmap for success. It helps in organizing tasks, allocating resources efficiently, and anticipating potential challenges. Without a solid plan, individuals and organizations may find themselves navigating through uncertainty and facing unnecessary hurdles 2. Strategic Planning in Business: In the business world, strategic planning plays a pivotal role in shaping the future of an organization. It involves setting clear goals, identifying key performance indicators, and formulating strategies to achieve them. A well-crafted business plan not only guides day- to-day operations but also facilitates adaptability in a dynamic market. How do successful businesses strike a balance between detailed planning and the need for flexibility in today's fast-paced environment? 3. Personal Planning…
Margaret Quinn, the president of Eastern Electric Corporation, one of the large electricutilities operating in the eastern United States, had long been convinced that effectiveplanning in the company was absolutely essential to success. For more than 10 years shehad tried to get a company planning program installed without seeing much result. Overthis time, she had consecutively appointed three vice presidents in charge of planningand, although each had seemed to work hard at the job, she noticed that individualdepartment heads kept going their own ways. They made decisions on problems as theycame up, and they prided themselves on doing an effective job of "fighting fires." But thecompany seemed to be drifting, and individual decisions of department heads did notalways tally with each other. The executive in charge of regulatory matters was alwayspressing state commissions to allow higher electric rates without having very much luck,since the commissions felt that…
tell me ony option not explain 11.The control function of management embraces (a) Cost Control (b) Financial Control (c) Budgetary Control (d) All of the above 12. Marketing manager may be classified in the category of________. (a) Top-level management (b) Middle-level management (c) Lower-level management (d) All of the Above 13.Who wrote the famous book “General and Industrial Management”. (a) Henry Fayol (b) Koontz and O’Donnel (c) Mary Parker Follet (d) Oliver Sheldon 14.A positive leader is one who motivates people by_________. (a) Creating fear (b) Centralising authority (c) Increasing their satisfaction (d) Holding the threats of loss of job 15.Henry Fayol is famous for_______. (a) Scientific Management (b) Rationalization (c) Industrial Psychology (d) Principles of Management
29) Executive Support System is a O A) Transactional needs of the organization B) Long-range planning systems for senior management C) Knowledge and data workers in an organization O C) Decision making and administrative activities of middle managers
The type managerial decision making, according to which manager has to work out plans, schemes, etc. for content filling is: 1, scheduled 2; organizational 3, forecasting 4; controlling
In recent times, the concept of goal setting is used to increase the performanceof the organization through adoption as a component of the appraisal process.A) Evaluate the significance of goal setting as a control mechanismB) How can management promote goal setting in organizations?
Sometimes even the best sales forecasts are inaccurate what steps can manager takes to ease the difficulties encountered when this sales forecasts prove to be incorrect?
3) Identify the major difference between traditional objective setting and management by objectives.
1. What is the difference between the Sales and Marketing Process and the Sales and Marketing Modules in Enterprise Resource Planning Systems and what is management Control Process? 2. How does ENTERPRISE RESOURCE PLANNING help in the Customer Relationship and How would sales and distribution ben integrated with other modules?

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16. A Strategic Plan is likely to contain *