Answer the following statements true (T) or false (F)

Question

1. In this time of Internet connections and speedy-access computer databases, one typically has complete information for planning and decision making.
2. Planning gives you expectations against which you can compare your performance. 
3. According to Miles and Snow's basic strategy types, a defender protects its strong position in an industry by constantly seeking new opportunities for growth. 
4. Facebook strives to be on the cutting edge of social media and is experiencing phenomenal growth. It encourages what it calls a "hacker" mindset, always looking to break down the old in favor of something better. Of Miles and Snow's basic strategy types, Facebook would be described as a prospector. 

Answer 1

1. FALSE
Despite modern technology, many occurrences prevent complete gathering of facts. Often you may have to "go with what you've got" and make a decision based on a plan that is perhaps only three-quarters complete.
2. TRUE
How well is your work going in an organization? You won't know unless you have some way of checking your progress. That's why you need to have some expectations of what you're supposed to do, or in other words, a plan.
3. FALSE
Defenders are expert at producing and selling narrowly defined products or services. They do not tend to seek opportunities outside their present markets. They devote most of their attention to making refinements in their existing operations, such as slashing prices.
4. TRUE
Prospectors are aggressive companies focused on developing new products or services and in seeking out new markets, rather than waiting for things to happen.