Answer:
1. The question that you should ask during the development of strategic goals for the organization is:
a. Should our company focus more on giving things away, or on selling things for a reduced price to those in need?
2. The time-frame that the group should consider for this plan is:
b. Long-term (Five years or more)
Explanation:
A strategic plan is made up of the organization's mission, vision, and values, as well as its long-term goals. These are backed up with the action plans for attaining the long-term goals. A strategic plan should involve the whole of the organization and remain futuristic. It does not concentrate on short-term objectives. Instead, a strategic plan concentrates on long-term goals with its duration period lasting five years or more.
To solve this problem, we use the formula:
F = A [(1 + i)^n – 1] / i
where,
F is the future value or the amount he will have
A is the amount he invest each year = 1200
n is number of years = 70 – 21= 49
i is the interest or return rate = 7% = 0.07
Hence the value of F is:
F = 1200 * [1.07^49 – 1] / 0.07
<span>F = $454,798.80 </span>
A.) Consumer demand for a certain car is greater than the number of cars that can be produced.
The plans that must be involved are the strategic planning, the mid level, the low level, the operational planning, the top level planning.
Explanation:
In the strategic planning the company's stakeholders will ask them were they want their company to be in five years
The middle level staff will decide to focus in recruiting the new clients and to increase the productivity and they will find the way to give back to the company
Being a low level employee it is necessary that one must interact with the customers and contribute to the company's performance
In the operational planning it will be difficult to manage the customers meet their day to day needs and satisfy them
A meeting will be held with the top level staff and hence they will be coming up with the new tools of the operational planning
