Key Concepts in Management, Leadership, and Organizational Planning

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Key Concepts in Management, Leadership, and OrganizationalPlanningThe goal of planning is toIncrease revenues, satisfy owner requirements, and successfully formulate course of actionEffective planning will help an organizationSave timeConcerning effective planning, it can be said that failing to organize is planning to failTrueWhich of the following is NOT a step in the basic planning processIncorporating only known variables into the planThe first three stages of theformal planning process areSituational analysis, generation of alternative goals and plans, and evaluation of goals and plansEfficiency and effectiveness are incompatible goals that have a specified beginning and endingFalseThe___________is the reason that an organization existsMission statementThe second step of the Spendolini Benchmarking Model isNone of the aboveThe process by which an organization compares its performance against not only itscompetitors but also other high performing organization is referred to asBenchmarkingConcentration, vertical integration, conglomerate diversification, and concentric diversification are all types ofStrategy formulationStrategic plans that are made at mid-level of an organization areTactical plansWhen a company adds new products or business that are unrelated to any of the organization's products, markets, or business,the organization is employingConglomeratediversificationWhich of the following is NOT describe a well written policySubjectiveBeing in outside assessors, evaluating the team, performing risk analysis and implementing an early warning system are all steps that a _______ managerwould need to takeProjectWhich of the following is true of Scenario planning?It is particularly useful for an organization attempting to mitigate risks in certain venturesWhich of the following is NOT one of the five lessons managersshould apply to better understand and control risk?Create a culture that insists on facing uncertaintyInternal controlsCan be classified as a prevenattive or dective and are use to indentify an error or irregularityThe components of theinternal control process areControl enviornement, risk assesment, control activties, information monitoring, communicating monitoringThe third step is the MBO processObjectively viewing in the goals previously setFormal discipline can includeReprimand, suspension, terminationWhich of the following is involved in inventory managementForecasting and replishment activitiesWhich of the following is NOT includedOrganizationalWhen an organization organizes employees by compatable duties, the organization is said to have aFunctional structureAll of the following are advantages of a Matrix structure EXCEPT?A central organization that works together withassorted independent companies as if they were a single operation is aNetwork structureTraditional organizational structures includeMatrix, divisional, functionalWhich of the following is the major disadvantage of a Functionalstructure?None of the aboveIn a highly centralized organizationDecisions invovling the utilization of all resources are made at the upper managerial levelsWhich of the following characterized a leader?None of the aboveWhich of thefollowing characterizes a manager?AdministersThe three different aspects of leadership areThe person, the position, the process

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