Term
T/F
PM systems are likely to receive crucial top management support, without such support it is unlikely that PM systems will be successful. |
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Definition
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Term
| __________ is the process that involves describing the organizations destination, assessing barriers that stand in the way of that destination, and selecting approaches for moving forward. |
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Definition
strategic planning
(pg 51) |
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Term
| what is the main goal of strategic planning? |
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Definition
allocate resources in a way that provides the company with a competitive advantage.
(pg 51) |
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Term
| What are the 7 purposes/steps of the strategic plan? |
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Definition
1 environment analysis
2 mission
3 vision
4 goals
5 strategies
6 implement strategies
7 evaluation of strategies |
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Term
t/f
a critical issue to the strategic plan is to ensure that each units mission, vision, goals, and strategy are consistent with those at the organizational level. |
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Definition
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Term
| ___________ identifies external and internal parameters with the purpose of understanding broad issues related to the industry so that decisions can be made against the broader context |
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Definition
environmental analysis
(pg56) |
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Term
| _______ includes a consideration of opportunities and threats |
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Definition
external environment
(pg56) |
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Term
| ________ includes a consideration of strengths and weaknesses. |
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Definition
internal environment
(pg57) |
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Term
economic
political/legal
social
technological
competitors
customer/suppliers are all examples of: |
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Definition
things to consider when conducting an EXTERNAL environmental analysis
pg 58 |
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Term
Organizational structure
organizational culture
politics
processes
and size are examples of:______ |
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Definition
things to consider when conducting an INTERNAL environmental analysis
pg 58 |
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Term
| ________ analyzes the external environment in relation to the internal environment |
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Definition
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Term
| Leverage in a company is recognized by looking at __________ + _________ whereas constraints are recognized by considering _________ +____________ |
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Definition
opportunities + strengths
opportunities + weaknesses
pg 58-59 |
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Term
| A vulnerability in a company is recognized when comparing ___________ + _________ whereas a problem is seen by comparing ________ + ___________ |
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Definition
threat + strength
threat + weakness
pg 59 |
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Term
| When an external opportunity is present but the internal situation of the company is not conducive to taking advantage of the external opportunity, that is called a ________ |
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Definition
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Term
| When there is an external threat discovered but the threat can be contained because of an internal strength, this is called a _________ |
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Definition
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Term
| ________ summarizes the organizations reason for its existence. |
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Definition
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Term
| Does what, to who, with what benefits, and how are key components to __________ |
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Definition
the mission statement
pg 60 |
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Term
brief
verifiable
bound by a timeline
current
focused
understandable
inspiring
a stretch are all characteristics of: |
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Definition
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Term
| The ______ function plays a critical role in creating and implementing the strategies that an organization will follow to realize its mission and vision. |
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Definition
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