CIMAPRA19-E03-1 Exam - Topic 5 Question 23 Discussion

Question

Johnson. Scholes and Whittington define strategy as the direction and scope of an organisation over the long term'. Which THREE of the following are advantages of deliberate long-term planning1? 0

Lucina · Accepted Answer

A) The organisation has a competitive advantage over others in its industry that do not use long-term planning. and D) The organisation's mission, objectives and targets are made explicit which will improve goal congruence. and E) Management will have to generate ideas using their experience and ability to innovate.

Lucina · Answer

B) The organisation will comply with external reporting standards

Lucina · Answer

C) Long-term planning will enable equal importance to be given to the different perspectives of the organisation's Balanced Scorecard.

Lucina · Answer

F) By undertaking detailed analysis management can identify key risks.