Part I: Strategic and General Considerations___________________________________________________
Chapter 3—Performance Management and Strategic Planning True/False Questions 3.1
Strategic planning is a process that involves describing the organization’s destination, assessing barriers that stand in the way of that destination, and selecting approaches for moving forward. (Suggested points: 2, [3.1]); Pg. 60 LO: 1 Answer: True
3.2
The only purpose of a strategic plan is to guide employees’ daily activities. (Suggested points: 2, [3.1]); Pg. 60 LO: 1 Answer: False. Strategic planning serves several purposes, including defining an organization’s identity, preparing for the future, providing focus, creating a culture of cooperation, and serving as a guide for the daily activities of all organizational members.
3.3
The performance management criteria must be linked to the vision, mission, objectives, and strategies of the organization and unit. (Suggested points: 2, [3.1]); Pg. 66 LO: 1 Answer: True
3.4
Environmental analysis is an examination of the external environment where the organization operates. (Suggested points: 2, [3.3]); Pg. 67 LO: 4 Answer: False. Environmental analysis considers internal as well as external trends.
3.5
An analysis of the economic environment would be included in the external environment analysis. (Suggested points: 2, [3.3]); Pg. 68 LO: 4 Answer: True
3.6
Leverage is a combination of an opportunity in the external environment and a matching strength in the organization. (Suggested points: 2, [3.3]); Pg. 70
290 Copyright © 2023
