Roles of Strategic Management (5-1)
Definition: setting goals and deciding how to achieve them
What is Planning
Definition: A Long-term goal describing “what” an organization wants to become
Why is Vision
What is the way of tactics to define the course of action and achieve a goal
What is action plan
One of the most important things in making any goal is setting a _______
What is Deadline
How many steps does “the planning/control cycle” have?
What is 4
What type of thinkers are open minded by obtaining and considering a wide range of information before making a judgment?
What is Critical Thinkers
What is the difference between a business plan and a business model?
What is A business plan is a document that outlines a firm's goals, the strategy to achieve them, and the standards for measuring success. A business model outlines the need the firm will fill, the operations of the business, its components and function, as well as the expected revenues and expenses.
What is the difference between a mission and vision statement?
What is The organization purpose is expressed as a mission statement, and what it becomes is expressed as a vision statement; both should represent the organization's values, expressed in a values statement
All the goals of an organization are connected in a hierarchy known as _______
What is Means-end chain
What step of the 4 is “Develop an Action Plan” in the process of motivating employees?
What is 2
What is step 1 of the planning/control cycle?
What is Make the plan
what is one of the 4 key recommendations to being more proactive? 1. Focus on solutions rather than problems 2. Take initiative and rely on yourself 3. Set realistic goals and don’t overcompromise 4. Participate and contribute to personal and professional conversations. Many of us make decisions based on what?
What is False beliefs and assumptions
Definition: a process that involves managers of all parts of the organization in the formulation and the implementation of strategies and strategic goals.
What is Strategic Management
What are the fundamentals of planning?
What is Mission, Vision, and value statements
A strategic goal tends to span how many years
What is 1-5 years
The attempt to ensure that higher-level goals are communicated and aligned with the goals at the next levels down is called?
What is Goal cascading
What is step 3 of the planning/control cycle?
What is Control the direction by comparing the results with the plan
Emotionality leads to what?
What is defensiveness and the blocking of listening
What is the First step of Planning and Strategic Management?
What is Establish the mission and vision and values
What are the 4 most effective characteristics found in vision statements?
What is Clarity, Future Focused, Abstractedness and Challenge, and Idealism
The specific commitment to achieve a measurable result within a certain period of time is known as
What is goal/objective
What is 1 of the 3 objectives used in Management by Objectives
What is MBO
The _________ has two planning steps and two control steps
What is The Planning/Control Cycle
If your judgements and predictions have been wrong what you should
What is consider the reasons and adjust in the future
An organization should adopt _ and _ _for these three reasons: 1)provide direction and momentum, 2) encourages new ideas, and above all 3) develope a sustainable competitive advantage.
What is Planning and Strategic Management
What are the 5 values endorsed by 700 employees throughout North America?
What is Be Accountable, Trust the Team, Prioritize health, Listen to Customers, Celebrate the Journey
What breaks down long-term output into short-term targets
What is operating plan
What does each letter in SMART goals stand for?
What is Specific, Measurable, Attainable, Results-Oriented, Target Dates
The planning/control cycle loop exists for each level of planning-_______
What is Strategic, Tactical, and Operational
what is the first step in becoming a proactive learner?
What is being intentionally proactive