BUSA 2100 Chapter 5 Planning Exam Questions and Answers All Correct
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Course
BUSA 2100
Institution
BUSA 2100
BUSA 2100 Chapter 5 Planning Exam Questions and Answers All Correct
What is the difference between a tactical plan and a strategic plan? - Answer- A tactical plan specifies how an org will use resources, budgets and people to accomplish a goal and a strategic plan focus efforts over the next ...
BUSA 2100 Chapter 5 Planning Exam
Questions and Answers All Correct
What is the difference between a tactical plan and a strategic plan? - Answer- A tactical
plan specifies how an org will use resources, budgets and people to accomplish a goal
and a strategic plan focus efforts over the next 2 to 5 years. So, tactical plans are more
short-term.
What is management by objective? - Answer- MBO: a fourt step process-->
1) Discuss possible goals
2) Collectively select goals that are challenging, attainable, and consistent with
company goal's
3) Jointly develop tactical plans that lead to the accomplishment of tactical goals and
ojectives
4) Meet regularly to review progress toward accomplishment of those goals.
What are the advantages and disadvantages of group decision making? - Answer-
ADVANTAGE:
1. View problems from multiple perspectives
2. Find and access more information
3. Generate more alternative solutions.
4. Be more committed to making chosen solutions work.
DISADVANTAGE:
1. Susceptible to groupthing and to considering a limited number of solutions.
2. Takes considerable time
3. One or two people can dominate the gorup discussion.
4. Members don't feel personally accountable for decisions and actions
What are lower level managers responsible for? How do they accomplish it? - Answer-
1) Operational plans that are day-to-day plans for producing products or services.
Using:
Single-use plans: unique, for one-time only uniques,
OR,
2) Standing plans: plans used repeatedly to handle frequent events.
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