HSA 300 WEEK 5 MIDTERM EXAM. QUESTIONS AND ANSWERS. COMPLETE SOLUTION.Question 1
What is the purpose of tactical plans?
Selected Answer:
Identify the
... [Show More] who, what, where, when and how of implementation.
Answers:
Identify the who, what, where, when and how of implementation.
Organize a department's input to the strategic plan.
Identify funding for the selected strategies.
Monitor an organization's performance over time.
None of the above.
Question 2
Which of the following should be a major consideration in collecting leadership input to
development of the strategic plan?
Selected Answer:
Input will necessarily be value laden.
Answers: The cost of collecting the data.
The tenure of leadership.
Input will necessarily be value laden.
A sample size of at least 8 leaders is necessary.
Question 3
Why is execution of the strategy so important?
Selected
Answer: The strategic plan is useless unless it is executed appropriately.
Answers: Without execution, none of the strategies will be funded.
The strategic plan is useless unless it is executed appropriately.
It helps to make all organizational stakeholders feel like part of the
team.
It brings in revenue
Question 4
Which of the following statements is/are true?
Selected
Answer: Resource availability should be considered when selecting strategies.
Answers: The more fiscally sound the organization, the more strategies it should
execute for the best success.
Generally, the riskiest strategies have the largest payoff.
Resource availability should be considered when selecting strategies.
As a rule of thumb, a well-governed organization should be able to
successfully execute 4-6 strategies per year.
C & D
Question 5
What are the components of Strategy Execution?
Selected Answer:
All of the above
Answers: Monitoring and Control
Rollout and Implementation
Strategy Tactical Plans
Strategy Identification and Selection
All of the above
Question 6
Which of the following is not a critical success factor for effective strategic planning?
Selected
Answer: Business plans for individual service lines.
Answers: All supporting plans (e.g. financial, marketing) are tied to the
strategic plan.
Breadth and depth of leadership involvement in development of the
plan.
Communication of the plan to all stakeholders.
Business plans for individual service lines.
Tactical plans for individual strategies [Show Less]