A Business Plan (Scenario)

question 52

Multiple Choice

A Business Plan (Scenario)
Imagine that you are the owner of a small company that sells typewriters, business equipment, and computer hardware. You employ about 40 people. You know that the organization needs to move in a different direction, and you want to set some long-term goals for the company. You want to write a plan that will cover the next three years only, knowing that business needs change somewhat frequently. Your goal is to write a plan that provides direction but does not contain extremely well-defined, potentially restrictive objectives.
-The fact that your plan covers three years suggests that your plan is most consistent with what type of plan?

• A) Strategic
• B) Operational
• C) Long term
• D) Specific

---

Definitions:

Frustrating

The feeling of being upset or annoyed as a result of being unable to change or achieve something.

Structured Dialogue

A planned and organized conversation between two or more parties designed to achieve specific outcomes through effective communication.

Power Distance

The extent to which less powerful members of organizations and institutions accept and expect that power is distributed unequally.

Consultative Style

A leadership or management approach that involves seeking input and advice from others before making decisions.