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Chapter7FoundationsofPlanning
True/FalseQuestions
WHATISPLANNING?
Planningisconcernedwithhowobjectivesaretobeaccomplished,notwhatistobeaccomplished.
Ifamanagerrefusestowriteanythingdownorsharehisplanswithothersintheorganization,heisnottrulyplanning.
WHYDOMANAGERSPLAN?
Planningprovidesdirectiontomanagersandnonmanagersalike.
Evenwithoutplanning,departmentsandindividualsalwaysworktogether,allowingorganizationstomoveefficientlytowarditsgoals.
Researchindicatesthatnonplanningorganizationsalwaysoutperformplanningorganizations.
HOWDOMANAGERSPLAN?
Goalsarethefoundationoforganizationalplanning.
Mostbusinesseshaveonlyoneobjective:tomakeaprofit.
Mostcompanies’goalscanbeclassifiedaseitherstrategicorfinancial.
Strategicgoalsarerelatedtothefinancialperformanceoftheorganization.
Anorganization’srealgoalsareoftenquiteirrelevanttowhatactuallygoeson.
Operationalplansspecifythedetailsofhowtheachievementoftheoverallobjectivesistobeobtained.
Longtermusedtomeananythingoverthreeyears,butnowitmeansanythingoveroneyear.
Short-termplansarethosecoveringoneyearorless.
Directionalplanshaveclearlydefinedobjectives.
ESTABLISHINGGOALSANDDEVELOPINGPLANS
Anintegratednetworkofgoalsissometimescalledameans-endchain.
InMBO,ormanagementbyobjectives,goalsareoftenlesswell-defined,givingmanagersandemployeesmoreflexibilitytorespondtochangingconditions.
InatypicalMBOprogram,successfulachievementofobjectivesisreinforcedbyperformance-basedrewards.
AnMBOprogramconsistsoffourelements:loosegoals,participativedecisionmaking,anexplicittimeperiod,andperformancefeedback.
StudiesofactualMBOprogramsfindmixedresultsintermsofitseffectsonoverallemployeeperformanceandorganizationalproductivity.
Intimesofdynamicenvironmentalchange,well-definedandpreciselydevelopedactionplansenhanceorganizationalperformance.
Awell-designedgoalshouldbemeasurableandquantifiable.
Goalsthataretooeasytoaccomplisharenotmotivatingandneitheraregoalsthatarenotattainableevenwithexceptionaleffort.
Thesecondstepingoalsettingistodeterminethegoalsindividuallyorwithinputfromothers.
Themorethecurrentplansaffectfuturecommitments,thelongerthetimeframeforwhichmanagersshouldplan.
CONTEMPORARYISSUESINPLANNING
Planningisawasteoftimeinavolatileenvironment.
Amajorargumentagainstformalplanscan’treplaceintuitionandcreativity.
It’snotenoughformanagersjusttoplan.Theyhavetostartsettinggoals.
Intoday’sdynamicbusinessenvironment,successfulfirmsrecognizethatplanningisanongoingprocess,notatabletofrulescastinstone.
Managersmustbeabletofollowthroughwithplansevenifconditionschange.
Effectiveplanningindynamicenvironmentsmeansflatteningtheorganizationalhierarchy.
Multiple-ChoiceQuestions
Foreachofthefollowing,choosetheanswerthatmostcompletelyanswersthequestion.
WhatIsPlanning?
Planninginvolvesdefiningtheorganization’sgoals,establishinganoverallstrategyforachievingthosegoals,anddevelopingacomprehensivesetofplans_____________.
astowhichshiftwillperformwhatworkfunctions
todeterminewhichmanagerwillbeinchargeofwhichdepartment
fororganizationalworkactivities
toestablishthequalityandquantityofworktobeaccomplished
Ininformalplanning,__________sharingofgoalswithothersintheorganization.
everythingmaybewrittendown,butthereislittleorno
everythingiswrittendown,andthereis
nothingiswrittendown,andthereislittleorno
nothingiswrittendown;thereforemanagementdoesalotof
Informalplanningis_________.
performedatthelowestorganizationallevel
generalandlackscontinuity
developedininformalmeetingsataresort
specificandisdevelopedbythemiddlemanagersfortheirdepartment
Informalplanning,_________.
specificgoalscoveringaperiodofyearsaredefined
specificgoalsaredevelopedandnotwritten
generalgoalsaredevelopedandnotwritten
generalgoalscoveringanunspecifiedperiodofyearsaredefined
Formalplanninginvolveswhichofthefollowingaspects?
developinggeneralobjectives
planningforuptooneyear
writingobjectives
distributingtheplantoallmanagerialemployees
WHYDOMANAGERSPLAN?
Theeffectofplanningonmanagersisthatitforcesthemto_______________.
reacttochange
considertheimpactofchange
respondindiscriminately
developbureaucraticresponsemodels
Planningcan’teliminatechange.Managersplaninorderto___________.
bepreparedforwhenchangesinmanagementatthetopoccurs
anticipatechangesanddevelopthemosteffectiveresponsetochanges
decidewhatneedstobedonewhenachangeinenvironmentshappen
havetheappropriatematerialsavailablewhenthedemandforthemcomesabout
Planninggivesdirection,reducestheimpactofchange,minimizeswasteandredundancy,and__________.
establishestheworkloadsforeachofthedepartments
setsthebasisusedforpromotionofindividualswithintheorganization
eliminatesdepartmentsthatarenotneededwithintheplan
setsthestandardsusedincontrolling
Studiesofperformanceinorganizationsthatplanhavereached___________.
somewhatnegativeconclusionsregardingthebenefitsofplanning
generallymixedconclusionsregardingthebenefitsofplanning
generallynegativeconclusionsregardingthebenefitsofplanning
generallypositiveconclusionsregardingthebenefitsofplanning
Thequalityoftheplanningprocessandtheappropriateimplementationoftheplansprobably___________.
don’tcontributetohighperformancenearlyasmuchastheextentofplanning
contributemoretohighperformancethandoestheextentofplanning
contributelesstohighperformancethandoestheextentofplanning
shouldbestudiedmoretofactuallydeterminewhichcontributesthemost
Instudiesinwhichformalplanningdidnotleadtohigherperformance,____________.
theexternalenvironmentoftenwastheculprit
management’sexecutionoftheplanswasmostoftenthereasonforfailure
employees’implementationoftheplanswastheprimaryreasonforfailure
lackofcommunicationwasmostoftenthereasonforfailure
Governmentalregulations,powerfullaborunions,andothercriticalenvironmentalforcesconstrainmanagers’optionsand__________theimpactofplanningonanorganization’sperformance.
reduce
increase
neutralize
don’taffect
HowDoManagersPlan?
Planningisoftencalledtheprimarymanagementfunctionbecauseit____________.
offerssomebasisforfuturedecisionmaking
createsthevisionfortheorganizationalmemberstoworktoward
establishesthebasisforalltheotherfunctions
setsthetonefortheorganizationalculture
Planninginvolvestwoimportantelements:___________.
goalsanddecisions
goalsandplans
plansanddecisions
goalsandactions
Goalsareobjectives,__________.
andweusethetwotermsinterchangeably
butgoalsarelongterm,andobjectivesareshortterm
butgoalsareusedbytopmanagement,andobjectivesareusedbyfirst-levelmanagement
butgoalsareusedinreferencetoprofits,andobjectivesareusedinreferencetoproductionoutput
Plansaredocumentsthatoutlinehowgoalsaregoingtobemetand___________.
definewhichdepartmenthaswhatresponsibilitiesneededtoaccomplishthegoals
tellwhatmaterialsandprocessesarenecessarytofulfillthegoals
identifyhowmuchcapitalisrequiredtocompletethegoals
describeresourceallocations,schedules,andothernecessaryactionstoaccomplishthegoals
__________canevaluatewhetheranorganizationissuccessful.
Agoalistheonlymeasurethat
Nosinglemeasure
Plansarealsoameasurethat
Stakeholdersaretheonlygroupsthat
Whenmanagersemphasizeonegoal,they___________.
assurethattheonegoalwillbeaccomplishedevenabovetheestablishedlevel
ignoreothergoalsthatmustalsobereachediflong-termsuccessistoachieved
makethegoaleasiertobeaccomplishedbyallorganizationalmembers
denytheorganizationalmemberstheopportunitytogrowanddevelop
Usingasingleobjectivecanresultinunethicalpracticesbecausemanagers____________.
wanttosatisfythestockholdersoftheorganization
willmanipulatetheoutcomesreportedtoassurethattheoneobjectiveisachieved
willignoreotherimportantpartsoftheirjobsinordertolookgoodonthatonemeasure
willuseovertimetoaccomplishthatsingleobjectivewithoutreportingit
Officialstatementsofwhatanorganizationsaysandwhatitwantsitsvariousstakeholderstobelievearereferredtoas___________.
realgoals
statedgoals
committedgoals
comprehensivegoals
Theconflictinstatedgoalsexistsbecauseorganizationsrespondtoavarietyof_______________.
stakeholders
externalenvironments
governmentalregulations
stockholders
Whichofthefollowingistrueconcerninganorganization’sstatedobjectives?
Organizationsissueidenticalobjectivestoallconstituents.
Organizationstypicallyhaveinternalandexternalsetsofobjectives.
Organizationsmayissuedifferentobjectivestostockholders,customers,employees,andthepublic.
Statedobjectivesareusuallyinlinewithshort-termactions.
Whatshouldapersondotounderstandwhattherealobjectivesoftheorganizationare?
observeorganizationalmembers’actions
attendastockholders’annualmeeting
readtheirannualreport
watchtelevisionnewsreports
Themostcommonwaystodescribeorganizationalplansarebytheirfrequencyofuse,timeframe,specificity,and___________.
quantifiability
flexibility
breadth
attainability
Whenwecategorizeplansasbeingdirectionalversusspecific,wearecategorizingthemby____________.
breadth
specificity
frequencyofuse
depth
Whenwecategorizeplansasbeingsingle-useversusstanding,wecategorizethemby____________.
breadth
specificity
frequencyofuse
timeframe
Strategicplansareplansthatapplytotheentireorganization,establishtheorganization’soverallgoals,and____________.
guidetheorganizationtowardmaximizingorganizationalprofitsforthestockholders
attempttosatisfyallgovernmentregulationswhilemaximizingprofits
satisfytheorganization’sstakeholders
seektopositiontheorganizationintermsofitsenvironment
Operationalplansspecifythedetailsof___________.
whatdepartmentperformswhichfunctionalprocesstoaccomplishthegoals
whatmaterialsarerequiredforwhichproductbeingproduced
wheneachproductmodelistobeproduced
howtheoverallgoalsaretobeachieved
Strategicplanstendtocoveralongerperiodoftimethanoperationalgoalsandalso_____________.
coveramorenarrowviewoftheorganization
coverthefinancialprojectionsoftheplanningperiod
coverabroaderviewoftheorganization
includeanestimateoftheprofitsthatthestockholdercananticipateasdividends
Strategicplansincludetheformulationofgoals,whereasoperationalplansdefinewaysto_____________.
maximizetheorganization’sprofits
achievethegoals
minimizethenumberofemployeesthathavetobelaidoffinhardtimes
providethemostefficientmethodsofproduction
Asorganizationalenvironmentshavebecomemoreuncertain,____________.
organizationsarehavingtomakelongertermplans
organizationshavetoresisttheuncertaintiestokeeptheplansmovingtowardtheobjectives
organizationshavetorequestthatthegovernmentpassmorelegislationrestrictingtheamountofuncertainty
thedefinitionoflongtermhaschanged
Specificplansareclearlydefinedand____________.
allowmanagerstotheirinterpret“flexibility”ontheirown
leavenoroomforinterpretation
givethemanagersauthoritytointerprettheplansfortheirareaofresponsibility
keepthestakeholdersinformedoftheorganization’sobjectives
Astatelegislativeplanthatcallsfora2.45percentincreaseintobaccosalestaxforthenext2yearswouldbeconsideredwhattypeofplan?
strategic
operational
specific
directional
Directionalplans_____________.
haveclearlydefinedobjectives
identifygeneralguidelines
meettheneedsofauniquesituation
lastfor3–5years
Theflexibilityinherentindirectionalplansmustbeweighedagainstthe_____________.
gainofashorterplanningperiodbyspecificplans
gainofalongerplanningprovidedbyspecificplans
lossofclarityprovidedbyspecificplans
lossofashorterplanningperiodbyspecificplans
__________isaone-timeplanspecificallydesignedtomeettheneedsofauniquesituation.
Amultipurposeplan
Astrategicplan
Anoperationalplan
Asingle-useplan
Standingplansareongoingplansthatprovide____________.
generaldirectionsofhowtoaccomplishanidentifiabletask
stakeholderswithidentifiablegoalsthattheorganizationwillalwaysstrivetoachieve
thestockholderswithidentifiablegoalsthattheorganizationwillalwaysstrivetoachieve
guidanceforactivitiesperformedrepeatedly
Acity’spolicyconcerningskateboardingondowntownsidewalksthatprovidesguidanceforpoliceactionwouldbeconsideredwhattypeofplan?
standing
contingency
directional
single-use
EstablishingGoalsandDevelopingPlans
Goalsprovidethedirectionforallmanagementdecisionsandactionsandformthe_____________.
profitbasisthattheorganizationswillaccomplishforstockholders
desiredoutcomesthattheorganizationalmemberswillachieve
basisforthesharingofprofitswiththeemployeesattheend
criteriaagainstwhichactualaccomplishmentsaremeasured
Withtraditionalgoalsetting,thegoalsaresetatthetoplevelofmanagementand_____________.
thentheybecometheresponsibilityoffirst-linemanagementtoachievethegoals
thentheyarebrokendownintosubgoalsforeachleveloftheorganization
alltheeffortstoachievethegoalsaredirectedbytopmanagementtoensurethattheyareachieved
thentheyaredelegatedtothenextlowerleveltobeachieved
Withtraditionalgoalsetting,theassumptionisthat_______________.
topmanagersknowwhatisbestbecausetheyseethe“bigpicture”
topmanagersareunfamiliarwithsettinggoals,solower-levelmanagersareassignedtodothetask
lower-levelmanagersunderstandmoreofwhatneedstobeaccomplished
lower-levelmanagersareincapableofsettinggoals
Withtraditionalgoalsetting,employees’workeffortsattheirrespectivelevelsandworkareasaregearedtomeetthegoals___________.
sothatthetopmanagementwillberetainedintheirposition
sothattheirimmediatesupervisorswillberetainedintheirposition
thathavebeenassignedintheirspecificareasofresponsibility
withintheshortestamountoftimepossible
Whathappenstotraditionalgoalsastheymaketheirwaydownfromtopmanagementtolowerlevels?
Theyloseclarityandunity.
Theyunitetheworkforce.
Lower-levelmanagersmustcontinuallyreviseandcorrectthem.
Theypurposelyremainvagueandnonspecific.
Whenthehierarchyoforganizationalgoalsisclearlydefined,itformsa____________.
hierarchical-linkchain
means-endschain
weakest-linkchain
level-levelchain
Managementbyobjectives(MBO)isamanagementsysteminwhichthefirststepsaresettingspecificperformancegoalsthatare_____________.
establishedthatcanbeeasilyaccomplished
jointlydeterminedbyemployeesandtheirmanagers
determinedbytopmanagementwithclaritysothattheobjectivesarecleartoeventhemostincompetentemployee
developedinsuchamannerthattheemployeesareself-directedanddonotneedsupervision
WhatisthefirststepinatypicalMBOprogram?
Majorobjectivesareallocatedamongdivisionalanddepartmentalunits.
Unitmanagerscollaborativelysetspecificobjectivesfortheirunitswiththeirmanagers.
Theorganization’soverallobjectivesandstrategiesareformulated.
Actionplansarespecifiedandagreeduponbymanagersandemployees.
IntheMBOsystem,___________.
objectivesaredeterminedbymanagement
goalsareonlyreviewedatthetimeofcompletion
goalsareusedascontrols
progresstowardobjectivesisperiodicallyreviewed
OneofthepotentialproblemsofMBOprogramsisthat____________.
theremaybeanoveremphasisbytheemployeeonaccomplishingtheirgoalswithoutregardstoothersintheworkunit
theymaybemoreeffectiveintimesofdynamicenvironmentalchange
employeestakegoalsettingtooseriously
theyencouragefillingoutpaperwork
Awell-designedgoalshouldbe____________.
shortandveryspecificaboutexpectedoutcomes
writtenintermsofoutcomesratherthanactions
identifiabletoeventhefirst-linesupervisors
specificandwithinamanageabletimeframe
Awell-designedgoalshouldbe____________.
discussedatorientation
nearlyunattainable,sothateveniftheunitoremployeemissestheirgoal,performanceisstillveryhigh
easytoachieve
clearastoatimeframe
Theprocessofwritinggoals_______________.
forcespeopletothinkthemthrough
istootimeconsuming
isuseless
inspiresinnovativeconcepts
Whatdowrittengoalsbecome?
oldanduseless
inflexibleandgeneral
visibleandtangible
personalandcollective
Whatisthepurposeofanorganizationcalled?
theorganization’sactionplan
theorganization’smission
theorganization’svision
theorganization’scontingencyplan
Whensettinggoals,whatshouldamanagerdoafterwritingdownthegoalsandcommunicatingthemtoallwhoneedtoknow?
determinethegoalsindividuallyorwithinputfromothers
evaluateavailableresources
reviewresultsandwhethergoalsaremet
reviewtheorganization’smission
Threecontingencyfactorsthataffectplanningarelengthintheorganization,degreeofenvironmentaluncertainty,and____________.
leveloffuturecommitments
quantityoffuturecommitments
frequencyoffuturecommitments
enforceabilityoffuturecommitments
____________planningdominatesmanagers’planningeffortsatlowerlevelsoftheorganization.
Strategic
Tactical
Operational
Functional
Thecommitmentconceptmeansthatplansshouldextendfarenoughtomeetthosecommitments__________.
asquicklyaspossible
whiletheresourcesareavailable
withthestakeholdersandmakeitappearthattheorganizationisreallycommitted
madewhentheplansweredeveloped
Planningfortoolongortooshortatimeperiod_______________.
iseffectiveplanning
isinefficientandineffective
istheconceptofcommitment
dependsontheorganization
Asorganizationsexpandandupdatetheircomputingtechnology,theyare_______________.
committedtowhateverfutureexpensesaregeneratedbythatplan
inastateofhighenvironmentaluncertainty
inastateoflowenvironmentaluncertainty
relyingonlowerlevelmanagementtodotheplanning
Howanorganizationplanscanbebestunderstoodbylookingat____________.
thegoalssetoutbytheorganization’splanners
whodoestheplanning
theflexibilityoftheorganization’splans
thepriorityofthegoals
Inthetraditionalapproachtoplanning,planningwasdoneentirelybytop-levelmanagerswhowereoftenassistedby____________.
businesslevelmanagers
functionallevelmanagers
amixtureofmanagersfromtheline,functional,andbusinesslevel
agroupofplanningspecialists
Whatisdefinedasagroupofplanningspecialistswhosesoleresponsibilitywashelpingtowritethevariousorganizationalplans?
traditionalplanningspecialists
organizationalplanningdepartment
formalplanningdepartment
missionwriters
Whencanthetraditionaltop-downapproachtoplanningbeeffective?
onlyifthedocumentslookimpressive
onlyifthedocumentsarepreparedforthecorporateplanningstaff
onlyiftheplanninginvolveslowerlevelmanagement
onlyifmanagersunderstandthattheymustcreateusabledocumentsthatmembersactuallyuse
Whenorganizationalmembersaremoreactivelyinvolvedinplanning,theyseethattheplans____________.
arenotasimportantasmanagementmakesthemouttobe
arehowthecompanyisgoingtobejudgedbythestockholders
aremorethanjustsomethingwrittendownonpaper
statedtostakeholdersaretherealplansthattheorganizationdesirestoachieve
ContemporaryIssuesinPlanning
Managerswhocontinuetodothethingsrequiredtoachievetheoriginalgoalsofaplan_______________.
arefollowingtheirintuition
aredemonstratingtheirabilitytofollowaflexibleandspecificplan
areactingresponsibly
maynotbeabletocopewithachangedenvironment
Whatisafrequentlycitedcriticismofformalplanning?
Planscan’tbedevelopedforadynamicenvironment.
Formalplanningistootimeconsuming,giventhedynamisminmodernbusinessenvironments.
Formalplanningcreatesextra,oftenredundantlevelsofhierarchywithintheorganization.
Formalplanningworkswellonlyforlarge,diversifiedcompanies.
Successfulorganizationsaretypicallytheresultofwhat?
flexibility
formalplanningefforts
innovativevision
mechanicalanalysis
Visionshaveatendencyto_______________astheyevolve.
becomeformalized
fail
generatemorecreativity
trapemployeesinacertainmindset
Formalplanningfocusesmanagers’attentiononwhat?
thechangingfuture
today’scompetition
tomorrow’ssurvival
yesterday’ssuccessesandfailures
Whatargumentagainstformalplanningindicatesthatconfidenceinaplanisdangerous?
Justplanningisn’tenough.
Formalplanningreinforcessuccess,whichmayleadtofailure.
Planningmaycreaterigidity.
Planscannotbedevelopedforadynamicenvironment.
AwirelessnetworkingtechnologycalledWi-Fithatlinkstogetherinformationdevicesis__________.
revolutionizingallkindsofindustries
makingorganizationalplanningmucheasier
complicatingtheplanningprocess,butwillbeimprovingcommunications
anintegralcomponentofplanningfortheFortune500companies
Inanuncertainenvironment,managerswanttodevelop_________plans.
generalandflexible
specificbutflexible
formal
contingency
Formalplansserveasaroadmapalthoughthedestinationmaybechangingconstantlydueto_______________.
dynamicmarketconditions
politicalchanges
managementchanges
employmentmakeup
Itis__________formalplanningeffortswhentheenvironmentishighlyuncertain.
notasimportanttocontinue
importanttoswitchtodirectionalplanningandcease
necessarytocease
importanttocontinue
Whydoesthepersistenceinplanningeffortscontributetosignificantperformanceimprovement?
Aftersomanytries,managershavetohitonasuccess.
Ifmanagersweardowntheemployeesenough,theirperformancewillimprove.
Thequalityofmanagers’planningimproveswhentheycontinuetodoit.
Managersdiscoverthattheirfocusshouldbeonthefutureinsteadofpresent.
Theorganizationalhierarchybecomesflattenedastheresponsibilityforestablishinggoalsanddevelopingplansis____________.
movedtothemiddleorganizationallevels
shovedtothelowestorganizationallevels
shiftedtoaformalplanningdepartment
moretheworkofthefinancialdepartment
ScenarioQuestions
Foreachofthefollowing,choosetheanswerthatmostcompletelyanswersthequestion.
WHATISPLANNING?
It’sAcademic(Scenario)
Youaretheacademicdeanforasmallliberalartscollege.Theuniversitypresidenthasaskedyoutodevelopaplanforthecollege.Hewantstheplantocoverthenext5years.Hewantsittobeasspecificaspossible,butitshouldleavesomeroomforflexibility.
Becauseyourplanwillhavespecificobjectivescoveringaperiodof5yearsalongwithspecificactionplansforachievingoftheseobjectives,yourplancouldbestbedescribedas______________.
contractual
formal
defined
standard
WHYDOMANAGERSPLAN?
It’sAcademic(Scenario)
Youaretheacademicdeanforasmallliberalartscollege.Theuniversitypresidenthasaskedyoutodevelopaplanforthecollege.Hewantstheplantocoverthenext5years.Hewantsittobeasspecificaspossible,butitshouldleavesomeroomforflexibility.
Thepresidenthasexpressedconcernregardingtheimpactofplanningontheabilityoftheorganizationaltorespondtoemergingchangesinthehighereducationenvironment,suchasdistancelearningandcorporateuniversities.Youshouldtellthepresidentthatplanning_______________.
forcesmanagerstolookatthepresent
forcesmanagerstoanticipatechange
eliminatestheconsiderationoftheimpactofchange
increasesuncertainty
HOWDOMANAGERSPLAN?
RetailPlanning(Scenario)
Mr.TylerNallispresidentandCEOofaretailchainthatisabouttobeginoperationsinnumerousmajorcitiesacrosstheUnitedStates.Thestoreswillsellhomefurnishingsthatareconsideredmoderatelypricedfortheaverage-incomebuyer.Duringthelastfewmonthshehasbeenworkingtolayoutdirectionsforthemanagersofthestores.Mr.Nallandhisvicepresidentshavedecidedthateachstoreshouldhavesalesequaltoorgreaterthan$100persquarefoot,perday.Toattractanadequatenumberofcustomers,thestoreshouldbewellmaintainedbothinsideandout.
TheprimarytaskthatMr.Nallandthevicepresidentshavebeenperformingduringthelastcoupleofmonthsisknownas____________.
layingoutideas
makingplans
establishingnetworks
designingthestores
Thestatementthateachstoreshouldhavesalesequaltoorgreaterthan$100persquarefoot,perdayisanexampleof___________.
aspecificplan
adirectionalplan
agoal
managementbyobjectives
Becausetheenvironmentalconditionsinwhichhomefurnishingstoresoperatearegenerallystable,thestatementsintendedtoattractcustomerswouldmostlikelybeconsideredtobe___________.
operationalplans
specificplans
directionalplans
strategicplans
Thestatementthatallstoresshouldbewellmaintainedbothinsideandoutisanexampleofa_________.
directionalplan
specificplan
statedgoal
realgoal
ABusinessPlan(Scenario)
Imaginethatyouaretheownerofasmallcompanythatsellstypewriters,businessequipment,andcomputerhardware.Youemployabout40people.Youknowthattheorganizationneedstomoveinadifferentdirection,andyouwanttosetsomelong-termgoalsforthecompany.Youwanttowriteaplanthatwillcoverthenext3yearsonly,knowingthatbusinessneedschangesomewhatfrequently.Yourgoalistowriteaplanthatprovidesdirectionbutdoesnotcontainextremelywell-defined,potentiallyrestrictiveobjectives.
Thefactthatyourplancovers3yearssuggeststhatyourplanismostconsistentwithwhattypeofplan?
specific
longterm
operational
strategic
Yourplanwillcovertheentireorganization.Thischaracteristicis
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