List out three benefits of strategic planning.
What will be an ideal response?
Strategic planning is a process that helps managers identify desired outcomes and formulate feasible plans to achieve their objectives by using available resources and capabilities.The following is a set of frequently cited benefits of strategic planning:
• Provides a framework and a clearly defined direction to guide decision making at all levels throughout the organization
• Ensures the most effective use is made of the organization’s resources by focusing those resources on agreed-on key priorities
• Provides a set of excellent measures for judging organizational and personnel performance
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Fill in the blank(s) with the appropriate word(s).
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false
When developing a training program, which guideline should be kept in mind?
A. Train people individually. B. Select the most effective place to conduct the training. C. Develop a single training program for distinct employee groups. D. Provide only hands-on experience training.