Planning Is a Process Designed to Achieve Goals in Dynamic,competitive

question 14

Multiple Choice

Planning is a process designed to achieve goals in dynamic,competitive environments.What is the first step that you,as a new manager,will undertake to develop a strategic plan of action for a program about congestive heart failure?

• A) Search the environment to determine changes that may affect the organization.
• B) Appraise the organization's strengths and weaknesses.
• C) Identify the major opportunities for and threats to the organization.
• D) Identify and evaluate the various strategies available to the organization.

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Definitions:

Cost of Capital

The rate of return a company must earn on its investment projects to maintain its market value and satisfy its shareholders and creditors.

Capital Budgeting

The approach taken by a business to appraise potential key projects or investments.

Equity Investment

The act of putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit, primarily through the ownership of equity.

Separately Funded

A financial arrangement where specific projects or objectives are funded independently from an organization's main operating budget.