CodeHS Data-Driven Decision Making 1

Question 1

What is the first step in the strategic planning process?

Accepted Answer

Defining the organizations mission, vision, and values

Answer

Strategic planning begins with clarifying the organizations purpose (mission), aspirations (vision), and guiding principles (values).

Question 2

What is a SWOT analysis?

Accepted Answer

An assessment of Strengths, Weaknesses, Opportunities, and Threats

Answer

SWOT analysis evaluates internal strengths and weaknesses alongside external opportunities and threats to inform strategic decisions.

Question 3

What is the difference between strategic and tactical planning?

Accepted Answer

Strategic sets long-term direction; tactical outlines specific short-term actions

Answer

Strategic planning establishes overall direction and goals, while tactical planning defines the specific actions to achieve them.

Question 4

What role does data play in decision-making?

Accepted Answer

It provides objective evidence to support informed choices

Answer

Data-driven decision-making reduces bias and improves outcomes by basing choices on objective evidence rather than intuition alone.

Question 5

What is a stakeholder analysis in strategic planning?

Accepted Answer

Identifying who is affected by decisions and understanding their interests and influence

Answer

Stakeholder analysis identifies all parties with an interest in the organizations decisions, helping manage relationships and expectations.

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