Question

4.1 assessment
understand management concepts
determine the best answer for each of the following questions.

1. planning provides all of the following benefits to a company except

a. encouraging managers to be more specific and objective in their decisions
b. helping managers to determine whether the business is making progress
c. ensuring a business will be successful and profitable
d. providing a guide for managers when making important decisions

1. the internal and external analysis completed by businesses as a part of planning is often referred to as

a. pert
b. swot
c. abcd
d. kiss
think critically
answer the following questions as completely as possible.

1. why should top executives in a company be responsible for strategic planning but involve lower - level managers and employees in the operational planning process?
2. how can a clear and meaningful vision and mission help increase employee motivation and enthusiasm for a business?

Explanation:

1. Planning can't guarantee success. 2. SWOT analyzes internal - external factors. 3. Top - execs set strategy, lower - level for operations. 4. Vision/mission gives purpose, boosts motivation.

Answer:

1. c. ensuring a business will be successful and profitable
2. b. SWOT
3. Top executives set long - term strategy; lower - level involved in day - to - day operations.
4. A clear vision/mission gives employees purpose, increasing motivation.