Which of the following can help companies make strategic planning effective?
a. Refraining from involving top management in the strategic planning process
b. Making strategic an ongoing process rather than an annual exercise
c. Eliminating managerial intuitions
d. Avoiding cross-functional teams
ANSWER: a
Strategic planning should not be an annual exercise in which, managers go through the motions and forget about strategic planning until the next year. It should be an ongoing process because the environment is continually changing and the firm's resources and capabilities are continually evolving.
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Do not rely on _______________often implied by the categorizations included in question 2
a. the vocabulary b. ethical standards c. cultural knowledge d. the stereotypes
A suitable means of evaluating the effectiveness of a records management program is to compare the operating costs of the program with standard operating costs, specifically in terms of salaries, equipment, supplies, and space
Indicate whether the statement is true or false.