Which of the following statements is false? Formal strategic planning

A implies determined actions for achieving objectives
B is a time consuming process
C should develop clear and rigid plans for the organization to implement
D is most applicable in stable environments

Correct Answer: should develop clear and rigid plans for the organization to implement

Formal strategic planning should develop clear and rigid plans for the organization to implement is a false statement. Formal strategic planning is the most sophisticated form of plan- ning. It implies that a firm's strategic planning process involves explicit systematic. procedures used to gain the involvement and commitment of the stakeholders. most affected by the plan.
Bissoy MCQ
#Management #Strategic Management

Related Questions

In operating income strategic analysis, strategic component which measures change in cost attributed to price of input in current year, relative to price of input material in last year can be classified as
A internal process component
B growth component
C price recovery component
D productivity component
In operating income strategic analysis, strategic component which measures change in operating income, attributed for change in price of outputs and inputs is classified as
A internal process component
B growth component
C price recovery component
D productivity component
Strategic Planning factors do not include which of the following?
A Organizational goals
B Critical success factors
C Information engineering
D Problem areas
Which of the following is the best reason for why strategic planning is still important today?
A Without a formal strategic plan a company cannot expect to compete effectively
B Without a strategic plan an organization can drift without purpose or definition
C Without it, companies would exist without cause or co-ordination
D Because of slower economic growth, globalization and technological change
Which of the following is true for small businesses in relation to strategic planning?
A It belongs in all organizations
B It is too expensive
C It only belongs in large organizations
D The benefits are too long term
The understanding of what key element is essential for successful strategic planning?
A Understanding the needs and expectations of stakeholders
B Understanding competencies
C Understanding the processes of strategic change
D Understanding how to plan
Which of the following statements best describes the concept of strategic awareness?
A Managers understanding of the organizations history, competencies, and current strategy
B Managers understanding of current strategy and its effectiveness
C Managers understanding of the strategic options available to the organization
D Managers understanding the organizations strategy, its effectiveness
Which of the following statements best describes strategic management?
A A process consisting of determining objectives and strategic actions to achieve those objectives
B A process consisting of determining objectives, strategic actions to achieve those objectives, the implementation of desired strategy, and the monitoring of that strategy
C A process consisting of the determination of direction, strategic actions to achieve objectives, the implementation of desired strategy, and monitoring of that strategy
D A process for determining direction, strategic actions to achieve objectives, and the implementation of desired strategy
Which of the following is not a strategic criteria for deciding which firms to retain in the organizational core?
A The company's mission
B Longevity
C Financial performance over time
D Relatedness of technologies
Which of the following is not a purpose of strategic thinking?
A To realize what needs to change
B To establish the agenda for managing strategic change
C To clarify future direction
D To allocate scarce resources

Next steps