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

Correct Answer: It belongs in all organizations

It belongs in all organizations is true for small businesses in relation to strategic planning. Strategic planning is a process in which organizational leaders determine their vision for the future as well as identify their goals and objectives for the organization.
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#Management #Strategic Management

Related Questions

Answer the question on the basis of the given information. Businesses are suffering because of lack of money available for development loans.To help businesses,the government plans to modify the income- tax structure in order to induce individual tax payers to put a larger portion of their incomes into retirement savings accounts, because as more money is deposited in such accounts, more money becomes available to borrowers. Which of the following, if true, raises the most serious doubt regarding the effectiveness of the government's plan to increase the amount of money available for development loans for businesses?
A When levels of personal retirement saving increase, consumer borrowing always increases correspondingly.
B The increased tax revenue the government would receive as a result of business expansion would not offset the loss in revenue from personal income taxes during the first year of the plan.
C Even With tax incentives,some people will choose not to increase their levels of retirement savings .
D Bankers generally will not continue to lend money to Businesses whose prospective earnings are insufficient to meet their loan repayment schedules.
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 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
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
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
Negative consumer reaction to a product is generated by a perceived gap between consumer expectation and product performance. Businesses should use advertising to adjust consumer expectations to coincide with their product performances. which of the following , if true, would most weaken the argument above?
A Most consumers can assess the actual performance of the products they purchase.
B Unless consumer expectations about a product are sufficiently high, consumers will not purchase that product.
C Most consumer purchase products based upon their brand name instead of their past performance.
D Expectations of most consumer are influenced by the claims made for those products by the manufacturers.
2 large and 1 small pumps can fill a water tank in 4 hours. 1 large and 3 small pumps can also fill the same water tank in 4 hours . How many hours will it take for 3 large 4 small pumps to fill the tank?
A 2 hours
B 2.5 hours
C 3 hours
D 3.5 hours
2 large and 1 small pumps can fill a water tank in 4 hours. One large and 3 small pumps can also fill the same water tank in 4 hours. how many hours will it take for 3 large and 4 small pumps to fill the tank?
A 2 hours
B 2.5 hours
C 3 hours
D 3.5 hours

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