BUSI 310 Chapter 5 Learnsmart Assignment Liberty University Complete Answers

BUSI 310 Chapter 5 Learnsmart Assignment Liberty University Complete Answers

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A goal is one that is precise, describing particular behaviors and outcomes.

When generating and evaluating alternative plans, organizations sometimes create that are descriptions of alternative future circumstances.

A decision resulting in the best possible outcome is called .

Once completed, a SWOT analysis can formulate a strategy to capitalize on opportunities by leveraging organizational .

plans typically cover a time horizon of a year or two.

The BCG matrix is a popular technique that companies using a(n) strategy can use to analyze their portfolio of businesses.

The monitor and control step of the planning process comes after which step?

The most effective strategy is one that are unwilling or unable to imitate.

Satisficing is less likely in groups.

When a company employs an unrelated diversification strategy, the many businesses that make up the corporation may be referred to as a business .

A resource is both rare and not all competitors means that the firm with access to the resource has opportunities not available to the competitors.

When an employee is involved in the development of a goal or plan, the employee is usually:

Stakeholders are groups and individuals who impact and are impacted by .

is the process of amassing, reviewing, and summarizing all information concerning a particular planning issue.

Which of the following elements are included in an environmental analysis?

What type of system is designed to support managers in evaluating the organization’s progress with its strategy and, when discrepancies exist, taking corrective action?

For mission and vision statements to actually guide the behavior of organizational employees, they must have .

The step in the strategic management process involves creating a mission, vision, and goals.

Strengths and weaknesses refer to resources.

Khalid likes shopping at the Serendipitea website because it tracks his past tea orders, gives recommendations based on his past orders, and allows him to keep a wishlist of teas he wants to try. All of these features create .

A goal is one that contributes to the organization’s mission while being consistent with its values.

One challenge of decision making that suggests problems are unique and have a high degree of uncertainty, and thus there is no standard way to approach the problems is referred to as:

In order to know if the desired outcome has been met, a goal must be .

Achieving the best possible balance among several goals when making decisions is known as .

Which type of plan focuses on ongoing activities designed to achieve an enduring set of goals?

A decision maker decides to allow clear cutting of timber in a pristine state forest. This allowance will infuse much-needed funds into state government, so the decision maker chooses not to consider the environmental impact reports. In decision-making terminology, what is this decision maker doing?

The challenges associated with decision making include risk, uncertainty, conflict, and .

If a decision appears inappropriate, the decision-making process cycles back to the stage.