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:

predictions of staffing needs

plans for immediate borrowing

updating prices and products

broadly defined goals or objectives

Models of strategic planning does NOT include:

mechanistic planning

goal based planning

issue based planning

sound based planning

Internal factors that may affect a business can usually be:

regenerated

controlled

updated

ignored

External factors that may NOT affect a business include:

staff turnover

competition

interest rates

legislation

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

simple framework

customer environment

sequence of steps

favourable business position

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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.