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Strategic planning MCQs

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  1. What is the primary purpose of strategic planning?

    • A) To set immediate operational tasks

    • B) To outline long-term goals and strategies

    • C) To handle daily administrative duties

    • D) To manage employee schedules

    • Answer: B) To outline long-term goals and strategies

  2. Which of the following is a common step in the strategic planning process?

    • A) Inventory management

    • B) SWOT analysis

    • C) Customer service training

    • D) Daily task scheduling

    • Answer: B) SWOT analysis

  3. What does SWOT stand for in the context of strategic planning?

    • A) Strengths, Weaknesses, Opportunities, Threats

    • B) Strategy, Work, Organization, Time

    • C) Systems, Workflow, Objectives, Tactics

    • D) Strengths, Work, Opportunities, Targets

    • Answer: A) Strengths, Weaknesses, Opportunities, Threats

  4. In strategic planning, what is a vision statement?

    • A) A detailed financial report

    • B) A description of the desired future position of the organization

    • C) A list of daily tasks

    • D) An employee performance review

    • Answer: B) A description of the desired future position of the organization

  5. Which of the following best describes a mission statement?

    • A) A long-term financial goal

    • B) A statement that defines the organizationā€™s core purpose and focus

    • C) A detailed marketing strategy

    • D) A description of the company’s products and services

    • Answer: B) A statement that defines the organizationā€™s core purpose and focus

  6. What is a strategic goal?

    • A) A minor, short-term objective

    • B) A broad, long-term aim derived from the strategic plan

    • C) A financial target for the next quarter

    • D) A routine operational task

    • Answer: B) A broad, long-term aim derived from the strategic plan

  7. Which analysis tool helps in understanding the external factors affecting an organization?

    • A) PERT chart

    • B) Gantt chart

    • C) PEST analysis

    • D) Fishbone diagram

    • Answer: C) PEST analysis

  8. What does PEST stand for?

    • A) People, Economy, Systems, Technology

    • B) Political, Economic, Social, Technological

    • C) Practical, Environmental, Strategic, Technical

    • D) Product, Evaluation, Strategy, Timing

    • Answer: B) Political, Economic, Social, Technological

  9. Which part of the strategic planning process involves setting specific, measurable objectives?

    • A) Vision statement creation

    • B) Goal setting

    • C) Environmental scanning

    • D) Strategy implementation

    • Answer: B) Goal setting

  10. Strategic planning typically covers a timeframe of:

    • A) 1 month to 6 months

    • B) 1 year to 3 years

    • C) 3 years to 5 years

    • D) 5 years to 10 years

    • Answer: C) 3 years to 5 years

  11. What is the role of a strategic planner?

    • A) To oversee daily operations

    • B) To develop and implement long-term strategies

    • C) To manage human resources

    • D) To handle customer complaints

    • Answer: B) To develop and implement long-term strategies

  12. A key characteristic of SMART goals is that they are:

    • A) Specific, Measurable, Achievable, Relevant, Time-bound

    • B) Simple, Manageable, Accessible, Realistic, Tangible

    • C) Strategic, Measurable, Aggressive, Resource-based, Timely

    • D) Standardized, Manageable, Achievable, Realistic, Technical

    • Answer: A) Specific, Measurable, Achievable, Relevant, Time-bound

  13. Which component of strategic planning involves defining actions to achieve the organization’s goals?

    • A) Implementation

    • B) Evaluation

    • C) Formulation

    • D) Analysis

    • Answer: C) Formulation

  14. In strategic planning, what is benchmarking?

    • A) Setting internal performance standards

    • B) Comparing organizational performance against best practices

    • C) Establishing employee performance goals

    • D) Creating financial forecasts

    • Answer: B) Comparing organizational performance against best practices

  15. Which strategic planning model focuses on maintaining an organization’s current position while planning for gradual growth?

    • A) Transformational planning

    • B) Incremental planning

    • C) Crisis planning

    • D) Scenario planning

    • Answer: B) Incremental planning

  16. What is scenario planning?

    • A) Developing detailed operational procedures

    • B) Creating multiple strategies based on possible future events

    • C) Setting short-term financial goals

    • D) Assessing current market conditions

    • Answer: B) Creating multiple strategies based on possible future events

  17. Which phase of strategic planning involves monitoring and reviewing the planā€™s progress?

    • A) Formulation

    • B) Implementation

    • C) Evaluation and control

    • D) Environmental scanning

    • Answer: C) Evaluation and control

  18. In the context of strategic planning, what is a competitive advantage?

    • A) A temporary increase in sales

    • B) A unique position that allows an organization to outperform its rivals

    • C) A strategic partnership

    • D) A cost-cutting measure

    • Answer: B) A unique position that allows an organization to outperform its rivals

  19. Which of the following best describes strategic alignment?

    • A) Adjusting employee schedules to meet operational needs

    • B) Ensuring all aspects of the organization work towards the strategic goals

    • C) Balancing the budget

    • D) Managing day-to-day tasks efficiently

    • Answer: B) Ensuring all aspects of the organization work towards the strategic goals

  20. A balanced scorecard in strategic planning is used to:

    • A) Track and manage financial transactions

    • B) Measure organizational performance from multiple perspectives

    • C) Set daily operational tasks

    • D) Conduct environmental scanning

    • Answer: B) Measure organizational performance from multiple perspectives

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