Laser Lessons - Lesson

P5DMALK2-1

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Question 1 of 5

Strategic Planning is a process of translating a vision of the organisation’s future into:

broadly defined goals or objectives

predictions of staffing needs

updating prices and products

plans for immediate borrowing

Models of strategic planning does NOT include:

issue based planning

goal based planning

sound based planning

mechanistic planning

Internal factors that may affect a business can usually be:

ignored

controlled

updated

regenerated

External factors that may NOT affect a business include:

legislation

competition

interest rates

staff turnover

Competitive Advantage is a condition that puts an organisation in a:

simple framework

favourable business position

sequence of steps

customer environment

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Think And Challenge

It is rare that there is just one way to respond to a scenario or situation, so do not consider that the response you have chosen to this scenario will be judged as right or wrong. Share your scenario with a work colleague and ask them to tell you if they think you have responded appropriately. Ask them to challenge your response if necessary. You do not need to submit this task for assessment unless asked to do so by your tutor.