ANSWERS
WhatAisAplanningA-AAnswer✓ASettingAgoals,AestablishingAstrategiesAandAdevelopingAplans
ListAsomeApurposesAforAplanningA-AAnswer✓AProvidingAdirection
ReducingAuncertainty
MakingAgoals
WhatAareAtheA2AtypesAofAplanning?A-AAnswer✓AFormalA-Aspecific
InformalA-AlittleAcommunication
WhatAareA2AapproachAmethodsA-AAnswer✓ATopAdown
BottomAup
WhatAisAmanagementAbyAobjectiveA-
AAnswer✓APlanAtoAsetAmutuallyAagreedAgoals,AusingAthemAtoAevaluateAperformancd
DynamicAenvironmentAandAtheAissueA-
AAnswer✓ARapidlyAchangingAenvironment,AneedAflexibleAplansAforAit
EnvironmentAscanningA-AAnswer✓AScanningAtheAenvironmentAandAdetectingAtrends
DigitalAtoolsAare?A-AAnswer✓ABusinessAintelligenceA-AusingAdataAtoAmakeAdecisions
DigitalAtoolsA-AtechnologyAtoAcollectAandAanalyzeAtheAdataA
SocialAmedia
WhatAisAVUCAA-AAnswer✓Avolatile,Auncertain,Acomplex,Aambiguous
ExternalAforcesAforAchange?A-AAnswer✓AGovernment
Tech
, Economy
InternalAforcesAforAchange?A-AAnswer✓AStrategy
Equipment
EmployeeAattitude
WhatAisAstrategicAmanagementA-AAnswer✓AHowAmanagersAdevelopAstrategies
6AstepsAofAstrategicAmanagementAprocessA-
AAnswer✓A1.AIdentifyingAtheAorganization'sAcurrentAmission,Agoals,AandAstrategies
2.ADoingAanAexternalAanalysis
3.ADoingAanAinternalAanalysis
4.AFormulatingAstrategies
5.AImplementingAstrategies
6.AEvaluatingAresults
WhatAareAtheA4AcorporateAstrategiesA-AAnswer✓AGrowth
Stability
Renewal
ManagedAonAtheABcgAmatriz
WhatAisAeconomicAmoatA-AAnswer✓AProtectingAlongAtermAprofits
WhatAisAdifferentiationA-
AAnswer✓ADistinguishingAaAproductAfromAothersAtoAmakeAitAmoreAattractive
WhatAisAentrepreneurship?A-
AAnswer✓AtheAprocessAofAstartingAnewAbusinesses,AgenerallyAinAresponseAtoAopportunitie
s
WhatAareA6AkeyAelementsAtoAorganizationalAdesignA-AAnswer✓A1.AworkAspecialization
2.Adepartmentalization