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IMANET CMA Exam - Topic 5 Question 119 Discussion

Actual exam question for IMANET's CMA exam
Question #: 119
Topic #: 5
[All CMA Questions]

Which one of the following management considerations is usually addressed first in strategic planning?

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Suggested Answer: B

Strategic planning is the process of setting overall organizational objectives and drafting strategic plans. It is a process of long-term planning. Setting ultimate objectives for the firm is a necessary prelude to developing strategies for achieving those objectives. Plans and budgets are then needed to implement those strategies.


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Vincent
2 months ago
Yes, focus on the big picture first!
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Edison
2 months ago
Outsourcing can be considered later, right?
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Karol
2 months ago
I feel like recent budgets help shape those objectives.
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Rolande
2 months ago
But what about organizational structure? It’s important too.
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Lenita
2 months ago
Agreed, without clear objectives, nothing else matters.
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Inocencia
2 months ago
I think overall objectives should come first.
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Rikki
3 months ago
Organizational structure is important too, but not the first step.
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Raylene
3 months ago
Definitely overall objectives, can't plan without them!
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Ayesha
3 months ago
Surprised that people overlook the importance of annual budgets!
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Alaine
4 months ago
B) Overall objectives? Pfft, who needs that when you can just wing it with some random outsourcing and restructuring!
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Shaun
4 months ago
B is the obvious choice. Can't build a strategy without defining the objectives first.
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Dorcas
4 months ago
I'd go with B. Gotta know where you're trying to go before you can figure out how to get there.
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Rosalyn
4 months ago
Definitely B. You can't plan the details without first establishing the big picture goals.
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Claudia
4 months ago
I’m a bit confused; I thought organizational structure was important too, but maybe that comes later in the planning process?
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Josefa
4 months ago
I remember a practice question that emphasized the importance of setting objectives before anything else, so I’m leaning towards B.
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Ahmed
5 months ago
I think the overall objectives of the firm should be the first consideration, but I'm not entirely sure.
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Grover
5 months ago
Recent annual budgets? I don't think that would be the top priority. Strategic planning is about the big picture, not just the numbers from last year.
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Lorean
5 months ago
Outsourcing could be an important consideration, but I don't think it would be the very first thing addressed in strategic planning. The firm's overall objectives seem like the foundation.
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Roxane
5 months ago
I think outsourcing should come first, honestly.
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Dong
5 months ago
Overall objectives are key to start with!
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Eladia
5 months ago
B) Overall objectives of the firm. That's the foundation for any strategic planning.
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Charlena
6 months ago
I'm leaning towards B) overall objectives of the firm. That makes the most sense as the starting point for developing a strategic plan.
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Edward
6 months ago
I feel like recent annual budgets could influence decisions, but they might not be the first thing to address in strategic planning.
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Richelle
6 months ago
Hmm, I'm not totally sure about this one. I'd have to think it through carefully. Maybe the organizational structure would be the first thing to address?
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Tiera
6 months ago
I think the overall objectives of the firm would be the first consideration in strategic planning. That seems like the logical starting point.
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Alonso
20 days ago
True, objectives guide the whole planning process!
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Hannah
25 days ago
That can be adjusted later, right?
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Marsha
1 month ago
But what about the organizational structure?
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Luisa
1 month ago
Definitely! They set the direction for everything else.
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Luther
1 month ago
I agree, overall objectives should come first.
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