Golf Management I Business Planning and Career Enhancement

What is the usual length of time for long-range planning?

3-5 years

What are the phases of the career planning process?

Evaluate, Explore, Plan, Act

Understanding the scope of the industry is part of which stage in the Career Planning Process?

Explore

According to the Business Planning Model. a business plan should build on and refine the operational plan.

False

Clarification of job responsibilities is one of the added values provided by the strategic planning process.

False

Financial forecasts should be based on historical data derived from a linear trend analysis.

False

Who should provide direction for creating the business plan at a golf operation?

Golf operation stakeholders

A personal vision statement provides ___________ to a career?

Direction

Core skills are those that are useful in many golf industry positions

False

Golf equipment sales and tournament planning are considered core skills.

False

It is best to narrow one's focus to a specific job when exploring career options.

False

The skills of a golf professional include knowing rounds, memberships, golf cars, tournaments, and merchandise generate revenue for a facility.

False

A written set of core values are typically developed in which phase of the business planning process?

Phase 1 - Defining the Business

Evaluation is a continuous ___________ and is crucial to career ___________ regardless of specific career choices?

Process, advancement

Helping establish a starting point for goals, objectives, and related strategies is an appropriate use of the SWOT analysis.

True

What are the 5 phases of the PGA Business Planning Model in the correct order?

1. Define the Business 2. Assess the Current State of the Business 3. Develop goals, objectives and strategies 4. Develop financial forecasts and budgets 5. Monitor performance

What part of the resume concisely describes a summary of skills and qualifications gained from work experience as a golf professional?

Action Statements

What time frame would be the least effective for monitoring the progress and performance of a business plan?

Annually

You are in the process of completing a business plan for the golf shop. Initial forecasts of sales, expenses, and profit have been made. Past data has been analyzed and important inside and outside factors have been identified. What is the next step to be taken towards completing the plan?

Assumptions about inside and outside factors

"Increase merchandise sales in the golf shop" is an example of a SMART goal.

False

A career lattice characterizes an upward career progression.

False

A career lattice characterizes an upward career progression?

False

A well thought out business plan usually focuses solely on achieving financial goals

False

Assessing the current state of the business is the most significant advantage of strategic business planning.

False

Responsible, involved, and helped are effective action words to create a power statement.

False

________________ provides information on industry positions, networking, resume writing, and interviewing.

Jobs.PGA.org

A career _______ depicts a combination of sideways and upward career movements.

Lattice

What is the most significant benefit of strategic business planning?

Long-term vision

Business goals are typically developed in which phase of the business planning process?

Phase 4 - Developing Financial Forecasts and Budgets

A golf professional is purchasing a golf course. The business plan he presented to his banker included his history of successfully operating similar facilities, budget projections for the first five years under his management, and objectives and strategies for reaching his goals. The banker rejected his loan application because of missing information. What important element is missing from the business plan?

Proposed mission statement

What can an aspiring golf professional do to reveal the culture of a golf facility offering a position he is interested in?

Shadow

A personal development summary details interests, strengths, weakness, and future personal development steps.

True

Employers look for core skills that translate across multiple industries.

True

Proactive planning is one of the anticipated outcomes of strategic business planning.

True

Staff should be involved in effective business planning to create a sense of ownership.

True

The Work Experience Portfolio is useful when writing a resume.

True

The process for developing a business plan starts before establishing goals that you would like to achieve for the upcoming year in the Golf Shop.

True