Froggy Jumps Strategic Planning QuizVersion en ligne Test your knowledge on strategic planning in business with these 10 questions! par sarah ayyad 1 What is the primary purpose of strategic planning in business? a To set long-term goals and define strategies to achieve them b To manage day-to-day operations c To increase short-term profits 2 Which of the following is a key component of a strategic plan? a SWOT analysis b Employee training program c Monthly budget review 3 What does the acronym SWOT stand for in strategic planning? a Strengths, Weaknesses, Opportunities, Threats b Strategy, Workload, Objectives, Tactics c Sales, Workforce, Operations, Technology 4 Which step comes first in the strategic planning process? a Setting short-term goals b Conducting market research c Defining the mission and vision 5 What is the purpose of setting SMART goals in strategic planning? a To ensure goals are specific, measurable, achievable, relevant, and time-bound b To make goals vague and open-ended c To focus only on short-term goals 6 Which of the following is NOT a common strategic planning tool? a Daily task list b Balanced Scorecard c PEST analysis 7 What is the role of a strategic planning committee in an organization? a To conduct employee performance reviews b To oversee the development and implementation of the strategic plan c To handle day-to-day operational issues 8 Why is it important for businesses to regularly review and update their strategic plans? a To increase short-term profits b To adapt to changing market conditions and stay competitive c To reduce employee turnover 9 What is the difference between strategic planning and operational planning? a Operational planning is more important than strategic planning b Strategic planning focuses on long-term goals, while operational planning deals with day-to-day acti c There is no difference between the two 10 What role does risk management play in strategic planning? a Transferring all risks to external partners b Ignoring risks to focus on opportunities c Identifying and mitigating potential risks to the business's objectives
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