1. Basic Planning Levels of Planning Strategic Management Business
Strategy
Models
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2. A target or end
that management
wants to reach

3. What is a goal?

4. Alternative goals & plans,
Situational analysis,
Alternative goals & plans,
Goal & plan evaluation,
Goal & plan selection,
Implementation,
and Monitor & control

5. What is the 6-step planning process?

6. managers intend to use to achieve organizational goals
Actions or means
managers intend to use to
achieve organizational goals

7. What are plans?

8. A particular set of future conditions
used in planning

9. What is a scenario?

10. Specific, measurable, attainable, relevant, and time-bound

11. What are SMART goals?

12. A pattern of actions and resource allocation
designed to achieve the goals of the organization

13. What is a strategy?

14. The process of identifying the specific procedures and processes
required at lower levels
of the organization

15. What is operational planning?

16. The middle level of planning

17. What is tactical?

18. Goals at different levels are consistent, mutually supportive,
and focused in a common
organizational direction

19. What is aligned?

20. The highest level of organizational planning

21. What is a strategic?

22. Clear and concise statement of the basic purpose of an organization

23. What is mission?

24. favorite place and way to eat
To be our customers’
favorite place and way to eat

25. What is McDonald’s mission?

26. Vision

27. What is the long-term direction
and strategic intent of an organization?

28. Groups and individuals who affect and are affected by the organization

29. What are stakeholders?

30. Includes both tangible and intangible assets

31. What are resources?

32. turn planes around faster
Southwest Airlines studying NASCAR
to be able to
turn planes around faster

33. What is an example of benchmarking?

34. Something a business does well relative to its competitors

35. What is a core competency?

36. Of concentration, complex, concentric diversification,
and conglomerate diversification,
the one that is not a corporate strategy.

37. What is complex?

38. Of “low-cost” and “differentiation” business strategies, the one that
Porsche Motors uses

39. What is differentiation?

40. Functional strategies

41. What is breaking down each functional area’s strategy to support
the overall business strategy?

42. An approach focusing on Financial, Customer, Internal,
And Learning & Growth areas

43. What is a Balanced Scorecard?

44. SWOT Analysis

45. What are strengths, weaknesses, Opportunities, and threats?

46. This model has stars, question marks,
cash cows, and dogs

47. Consulting Group matrix?
What is the Boston
Consulting Group matrix?

48. A map that graphically depicts
an organization’s strategic and operational
goals

49. What is a strategy map?

50. For an organization to be competitive, these should be
Valuable, rare, difficult
to imitate, and organized

51. What are resources?