question In management what does the term strategic planning involve

What is the primary focus of the SWOT analysis in strategic management?

A. Evaluating employee performance
B. Assessing internal strengths and weaknesses, external opportunities and threats
C. Financial reporting
D. Market analysis

In management, what does the term "strategic alliance" refer to?

A. Employee recruitment
B. Collaboration between organizations to achieve mutual goals
C. Financial decision-making
D. Marketing strategies

What is the purpose of the Herzberg's Two-Factor Theory in motivation management?

A. Evaluating employee performance
B. Identifying factors that lead to job satisfaction and dissatisfaction
C. Financial decision-making
D. Marketing strategies

In management, what does the term "workforce diversity" encompass?

A. Employee recruitment
B. Differences in age, gender, ethnicity, and other characteristics within the workforce
C. Financial decision-making
D. Marketing strategies

What is the focus of the autocratic leadership style in management?

A. Empowering team members to make decisions
B. Centralized decision-making with little input from subordinates
C. Financial reporting
D. Employee recruitment

What is the purpose of the Tuckman's Stages of Group Development in team management?

A. Evaluating employee performance
B. Describing the stages of forming, storming, norming, performing, and adjourning
C. Financial reporting
D. Marketing strategies

In management, what does the term "contingency planning" involve?

A. Employee training
B. Planning for unexpected events and developing alternative courses of action
C. Financial reporting
D. Market analysis

What is the focus of the Myers-Briggs Type Indicator (MBTI) in organizational psychology?

A. Evaluating employee performance
B. Assessing personality preferences based on four dichotomies
C. Financial reporting
D. Marketing strategies

In management, what does the term "span of control" refer to?

A. The physical size of an organization
B. The number of subordinates a manager can effectively supervise
C. Marketing strategies
D. Employee training programs

What is the purpose of the Pareto Principle (80/20 Rule) in management?

A. Evaluating employee performance
B. Identifying the vital few factors that contribute to the majority of outcomes
C. Financial reporting
D. Market analysis

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