Strategic Planning __________

question 93

Multiple Choice

Strategic planning __________.

• A)is the process of setting short-range objectives and determining in advance how they will be accomplished
• B)is a plan for pursuing a mission and achieving objectives
• C)describes the company's competitive advantage in the global village
• D)is the process of developing a mission and long-range objectives and determining in advance how they will be accomplished

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Definitions:

Process Reengineering

The essential overhaul and significant transformation of business operations to attain substantial enhancements in vital performance indicators.

Systems Bottlenecks

Points of congestion in a system where the flow of data is impaired or stopped entirely, often leading to delays and inefficiency.

Duplication

The act of copying or replicating something, which can result in unnecessary redundancy or repetition.

Core Processes

Core processes are the critical operations or activities within an organization that directly contribute to its ability to create value and achieve its main objectives.