Which of the Following Is True of Strategic Planning in a Firm

question 64

Multiple Choice

Which of the following is true of strategic planning in a firm?

• A) It deals with maintaining the company's current business ventures.
• B) It focuses on the firm's internal environment rather than the external environment.
• C) It occurs at the business-unit, product, and market levels rather than at the corporate level.
• D) It deals with adapting the firm to take advantage of changing marketing opportunities.
• E) It involves preparing short-term investment objectives at the product level.

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Definitions:

Specific Issues

Particular problems or matters that need to be addressed or resolved.

Empowered

The state of feeling self-empowered to take control of one's own destiny, making decisions, and acting upon them to effectuate change.

Team Development

The process of enhancing the effectiveness, cohesion, and performance of a group or team, often involving stages of growth and conflict resolution.

Norming

A stage in team development where members resolve their differences, and stronger cohesion and teamwork emerge.