MBA 601: Module 1 Chapter 12 - Strategic
Planning and Project Management Exam |
Questions and Answers | Verified Solutions | 2026
Edition | Pass Guaranteed | University of North
Alabama
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Practice questions for this set
Learn 1 /7 Study using Learn
The determination of which quality standards are relevant to the project and
determining how they will be met.
Choose an answer
Rivalry among existing firms (Porter's
1 Strategic Planning 2
5 forces)
3 Quality Planning 4 Organic Strategic Planning
Don't know?
,Terms in this set (94)
Strategic Planning A process that helps managers identify desired
outcomes and formulate feasible plans to achieve
their objectives by using available resources and
capabilities
The Six Benefits of Strategic Planning 1) Provides a framework and a clearly defined
direction to guide decision making
2) Ensures effective use of resources
3) Enables a proactive approach
4) Enables organizational units to participate
5) Provides a set of measures for judging
organizational goals
6) Improves communication among management
and employees
The Three Strategic Planning 1) Issues-based
Approaches 2) Organic
3) Goals-Based
Issues-based Strategic Planning A strategic planning process that begins by
identifying and analyzing key issues facing the
organization, setting strategies to address those
issues, and identifying projects and initiatives that
are consistent with those strategies.
Organic Strategic Planning A strategic planning process that defines the
organization's vision and values and then identifies
projects and initiatives to achieve the vision while
adhering to the values.
, Goals-Based Strategic Planning A multiphase strategic planning process that
involves analyzing an organization and its
environment, defining strategies, and executing
initiatives to help an organization meet its long-
term goals and objectives.
The Four Major Phases of Strategic 1) Analyze situation
Based Planning 2) Set Direction
3) Define Strategies
4) Deploy Plan
Michael Porter's Five Forces Model A model that identifies the bargaining power of
suppliers and buyers, the threat of new entrants
and substitute products, and the existing industry
competitors, which determine the level of
competition and long-term profitability of an
industry.
Potential Entrants (Porter's 5 forces) The threat of new competitors will raise the level of
competition. Entry barriers determine the relative
threat of new competitors. These barriers include
the capital required to enter the industry and the
cost to customers to switch to a competitor.
Planning and Project Management Exam |
Questions and Answers | Verified Solutions | 2026
Edition | Pass Guaranteed | University of North
Alabama
Save
Practice questions for this set
Learn 1 /7 Study using Learn
The determination of which quality standards are relevant to the project and
determining how they will be met.
Choose an answer
Rivalry among existing firms (Porter's
1 Strategic Planning 2
5 forces)
3 Quality Planning 4 Organic Strategic Planning
Don't know?
,Terms in this set (94)
Strategic Planning A process that helps managers identify desired
outcomes and formulate feasible plans to achieve
their objectives by using available resources and
capabilities
The Six Benefits of Strategic Planning 1) Provides a framework and a clearly defined
direction to guide decision making
2) Ensures effective use of resources
3) Enables a proactive approach
4) Enables organizational units to participate
5) Provides a set of measures for judging
organizational goals
6) Improves communication among management
and employees
The Three Strategic Planning 1) Issues-based
Approaches 2) Organic
3) Goals-Based
Issues-based Strategic Planning A strategic planning process that begins by
identifying and analyzing key issues facing the
organization, setting strategies to address those
issues, and identifying projects and initiatives that
are consistent with those strategies.
Organic Strategic Planning A strategic planning process that defines the
organization's vision and values and then identifies
projects and initiatives to achieve the vision while
adhering to the values.
, Goals-Based Strategic Planning A multiphase strategic planning process that
involves analyzing an organization and its
environment, defining strategies, and executing
initiatives to help an organization meet its long-
term goals and objectives.
The Four Major Phases of Strategic 1) Analyze situation
Based Planning 2) Set Direction
3) Define Strategies
4) Deploy Plan
Michael Porter's Five Forces Model A model that identifies the bargaining power of
suppliers and buyers, the threat of new entrants
and substitute products, and the existing industry
competitors, which determine the level of
competition and long-term profitability of an
industry.
Potential Entrants (Porter's 5 forces) The threat of new competitors will raise the level of
competition. Entry barriers determine the relative
threat of new competitors. These barriers include
the capital required to enter the industry and the
cost to customers to switch to a competitor.
