Strategic Planning
Operational Planning
SWOT Analysis
100
What is a broad definition of Strategic Planning?
This is the long-range goals, vision, and objectives of the company.
100
What is a broad definition of Operational planning?
This is the day to day management, working towards achieving the strategic goals. You may also find rules and policies here.
100
What does SWOT stand for?
Strengths Weaknesses Opportunities Threats
200
What will determine if a strategic plan will work or not?
Financially possible, and if it targets the right demographic/market.
200
Rules, policies, and plans for emergencies are a part of Operational Planning. True or False.
True
200
Explain what happens in one of the steps of SWOT analysis.
...
300
What are the 5 steps of Strategic planning?
1.Determine where you are 2.Identify what's important 3.Define what you must achieve 4.Determine who is accountable 5.Review, Review, Review
300
Why do companies not advertise their operational plans publicly?
Competitive advantage, gives away ideas to potential competitors.
300
Why is running a SWOT analysis necessary?
Exposes the strengths and weaknesses of the company.
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