The first step in the process of strategic planning is to define the company's business and mission.
Answer the following statement true (T) or false (F)
False
The first step in the process of strategic planning is to analyze the company's external environment.
You might also like to view...
When communicating with people in other countries, it is important to be aware of the multiple definitions of words
Indicate whether the statement is true or false
Ways to value a business include comparison to other firms, benchmarking, or looking at a multiple of net earnings. Any of the methods is an attempt to arrive at a ________.
A. future value B. net present value C. fair market value D. profit maximizing price
Lott Bros Developers evaluates a great many small to medium size projects each year. Some are riskier than others. Lott Bros should probably
A) allow individual project managers to estimate their own discount rates. B) try to identify the specific funding sources for each project. C) use the company's overall WACC for all projects. D) spend a great deal of time and money to estimate discount rates for each project.
The four Ms of resources are _____
a. management, motivation, manpower, and monitoring b. materials, money, modeling, and monitoring c. manpower, machinery, materials, and money d. manpower, monitoring, movement, and modeling