If an Organization Fails to Engage in Strategic Planning It

question 49

Multiple Choice

If an organization fails to engage in strategic planning it will be burdened by many challenges. Which of the following is NOT one of these challenges?

• A) fail to involve senior managers and executives so that there is no buy-in
• B) fail to use the plan as the guide to make decisions and evaluate performance
• C) fail to align incentives and other hr policies to the achievement of strategy
• D) fail to incorporate information generated from 360 degree reviews

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Definitions:

Subsidiary

A company that is controlled by another company, usually by owning more than 50% of its voting stock.

AASB 124

An accounting standard issued by the Australian Accounting Standards Board relating to disclosures of related party transactions and relationships.

Related Party Disclosures

Financial reporting requirements that mandate entities to disclose transactions and relationships between the reporting entity and its related parties.

Control

In the context of financial reporting, control refers to the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.