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Author Question: What are four elements of the formal planning process? What will be an ideal ... (Read 47 times)

Tazate

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on: Jul 6, 2018
What are four elements of the formal planning process?
 
  What will be an ideal response?

Question 2

A firm's strategic mission
 
  A) is internally focused.
  B) flows from the firm's strategic intent.
  C) indicates how the firm will use its resources.
  D) is crafted without regard for the opportunities in the external environment.


akpaschal

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Reply #1 on: Jul 6, 2018
Answer to Question 1

The four elements of the formal planning process involve setting objectives, charting a course of action to meet the objectives, allocating resources to carry out the planned activities, and implementing the activities.

Answer to Question 2

B


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