Strategic Planning and Implementation (AQA A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What happens in Stage 5 of the strategic planning process?
What happens in Stage 5 of the strategic planning process?
Implementation is planned w/ functional goals
Which of these is an internal factor when analysing a business's position?
Which of these is an internal factor when analysing a business's position?
Production capacity
What does the 'E' in PESTLE analysis stand for?
What does the 'E' in PESTLE analysis stand for?
Economic and Environmental
Strategic decisions are typically characterised as being what?
Strategic decisions are typically characterised as being what?
Long-term and high risk
What does sensitivity analysis examine in strategic planning?
What does sensitivity analysis examine in strategic planning?
Assumptions & how strategy performs if changed
What must a business have to ensure a strategy is feasible?
What must a business have to ensure a strategy is feasible?
Necessary resources and skills
Which situation might contingency planning prepare for?
Which situation might contingency planning prepare for?
A fire destroying a factory
How does crisis management differ with vs without contingency planning?
How does crisis management differ with vs without contingency planning?
More straightforward with planning done
How does strategic planning provide clear direction?
How does strategic planning provide clear direction?
By communicating goals & coordinating effort
Why might strategic planning be less suitable for innovative businesses?
Why might strategic planning be less suitable for innovative businesses?
They need rapid response to changes