CSS CSS Strategic Planning 3

Question 1

In the SMART framework for objectives, what does the 'A' commonly stand for?

Accepted Answer

Achievable

Answer

SMART objectives are Specific, Measurable, Achievable, Relevant, and Time-bound.

Question 2

What distinguishes a mission statement from a vision statement?

Accepted Answer

The mission states current purpose while the vision describes the future aspiration

Answer

A mission defines the organization's present purpose; a vision describes its desired future.

Question 3

Which tool maps competitive forces such as supplier power and threat of new entrants?

Accepted Answer

Porter's Five Forces

Answer

Porter's Five Forces analyzes industry competition including supplier power and new entrants.

Question 4

What is the purpose of a gap analysis in strategic planning?

Accepted Answer

To compare current performance against desired future state and identify shortfalls

Answer

Gap analysis identifies the difference between where an organization is and where it wants to be.

Question 5

A balanced scorecard typically measures performance across how many key perspectives?

Accepted Answer

Four: financial, customer, internal process, and learning/growth

Answer

The balanced scorecard uses four perspectives to give a rounded view of performance.

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