Question

(1）True or False: Strategic plans are at higher levels than operational plans.

1. True
2. False

Your Answer:

(2）In your own words, outline the approaches to planning. (in under 150 words)

Your Answer:

(3）Which one of the following is not a criticism of planning?

1. Planning may create too much flexibility.
2. Plans cannot be developed for dynamic environments.
3. Formal plans cannot replace intuition and creativity.
4. Planning focus manager’s attention on today’s competition.

Your Answer:

Essay 1: What is Corporate Social Responsibility or CSR and how can companies achieve that in their practices?

Your Answer:

Essay 2: A good manager must understand all of their roles and how to perform them effectively. Based on Henry Mintzberg’s study, what are the main roles and categories of the managers?

Your Answer:

Answer 1

(1）True or False: Strategic plans are at higher levels than operational plans.

Answer= True

Reason- Strategic planning is done by the top management while operational planning is done by the middle managers

(2）In your own words, outline the approaches to planning.

The four approaches to planning are as below=

Reactive planning= This sort of planning is done by looking back at the past and it is thought that the past is always better than the present

Inactive planning= In this sort of planning, the attempts are made to continue the current or existing planning which is seen as better for both past and future

Preactive planning= Here the main focus remains in predicting the future and come up with the plans accordingly

Proactive planning= Here the attempt are made to develop the expected future and then finding the various methods in order to fulfill the given objectives

(3）Which one of the following is not a criticism of planning?

Answer=Planning may create too much flexibility

Reasson= Planning creates rigidity in the actions

Essay 1: What is Corporate Social Responsibility or CSR and how can companies achieve that in their practices?

Answer=

If we look closely CSR is mainly those initiatives that are taken by the business organization so that they can contribute towards the upliftment and social benefits of the common public.

Looking at the present scenario in the American market, irrespective of the firm is from the USA or from other countries, the majority of customers go for the products of those organizations which are involved in exceptional CSR activities. There are a number of evidence where the company could not perform well despite having a good brand image as it was not involved in CSR activities. Similarly the opposite is true.

Thus the firms are required to be actively involved in various CSR activities along with the vendors and their suppliers. Customers have a close eye on these activities. Thus it is quite significant that if the company is involved in these activities, then it must convey these initiatives to the target customers so that they can gain attention and thus improve their customer base.

Essay 2: A good manager must understand all of their roles and how to perform them effectively. Based on Henry Mintzberg’s study, what are the main roles and categories of the managers?

Answer= Based on Henry Mintzberg’s study, the are main roles and categories of the managers are stated below=

Interpersonal Role = In this category the manager has to act as the figurehead, leader, and liaison

Informational role= The role of the manager includes monitor, disseminator, and spokesman

Decision making role= The manager acts as entrepreneur, disturbance handler, resource allocator and negotiator