PGA LEVEL 1 Exam With Correct Solutions Latest Update

PGA LEVEL 1 Exam With Correct Solutions Latest Update BUSINESS PLANNING - Answer - Business planning process - Answer -organized plan that clearly describes explicit goals and objectives and strategy for accomplishing them PGA Business Planning Model (5 phases) - Answer -1. Define the business 2. Assess current state of the business 3. Develop business goals, objectives, and strategies 4. Prepare financial forecasts/budgets 5. Monitor performance Long term vs short term - Answer -Long term = 3-5 years Short term = less than 1 year Mission (define the business) - Answer -purpose Vision (define the business) - Answer -phrase that paints a picture where want to be in future core values (define the business) - Answer -individual words that shape the mission, vision assess the current state of the business... - Answer -understanding and utilizing performance data, assessing core areas, SWOT, and prioritizing findings Goals vs. Objectives - Answer -goals intend to be accomplished 3-5 years objectives within 1 year help to accomplish goal SMART goals and objectives - Answer -Specific Meaningful Achievable Realistic