strategic business planning

The difference between a mission statement and a vision statement is: A mission statement is about action and policies now, while the vision statement describes the ideal to which an enterprise aspires. A mission statement describes the ideal to which an enterprise aspires, while the vision statement is about action and policies now. A mission statement is public, while a vision statement is private A mission statement is important, while a vision statement is not a big deal

a mission statement is about action and policies now, while the vision statement describes the ideal to which an enterprise aspires.

Which of the following is not one of the guiding questions to creating a Strategic Business Plan? "For whom do we do it?" "What do we do?" "What do we want?" "What are our strengths and weaknesses?"

"what do we want?"

Of the analytical tools we learned in this lesson, which is designed to describe not only the external factors that influence the operations of a business, but also an enterprise's internal factors of success and opportunities for expansion in the marketplace? SWOT Analysis PEST Analyses STEER Analysis EPISTLE Analysis

EPISTLE Analyses

PEST Analysis, a framework for understanding different facets of the world in which a business operates, looks particularly at Political, _________________ ,Social, and Technological factors.

Economic

EPISTLE (or, sometimes, EPISTEL) is an acronym used to describe a multifaceted analytical approach to understanding the global context of an enterprise. The letters in the acronym stand for: European Process Industries STEP Technical Liaison Executive Environmental, Political, Informatic, Social, Technological, Legal and Economic Environmental, Psychological, Institutional/political, Social, Technological, Legal and Economic Ecological, Pneumatic, Sociological, Televangical, Logical, Erstwhile

Environmental, Political, Informatic, Social, Technological, Legal and Economic

An S-T-P strategy has three phases. What does each letter stand for? Saving, Trying, and Planning San Francisco to Portland Situation Target Proposal Standard Temperature and Pressure

situation target proposal

Fill in the Blank: A business competitor is, in simplest terms, another enterprise that shares a _____________

target market

In the Draw-See-Think-Plan, in which stage do you imagine the steps that will take you from the current situation to the ideal situation? Draw See Think Plan

think

Market research is the process associated with the controversial act of "data mining" or acquiring information about potential customers. True False

true

The four key concepts to forming a strategic business plan are vision, mission,_________________, and strategy.

values