Question

Jennifer couldn't believe her bad luck. The business planning cycle at Allworld Insurance was almost over. The only thing her boss had asked her to do was to make copies of four sets of final plans. Each set contained a different level of planning and each was supposed to be delivered to a different manager for review. But now those documents are all over the floor. Everything has to be back in the right order as quickly as possible. Knowing that you are a planning expert, Jennifer asks for your help. She tells you that Allworld Insurance uses an aligned, or cascading, goal system. You can expect to see each set of plans now in a logical way throughout the company.
Chose the best plan for each of the following statement:
(1) We are known for our operating efficiency and for reducing insurance costs for our customers.
(2) The Human Resource Division will reduce the overall cost of fulfilling employment requisitions by eliminating the use of outside recruiting agencies.
(3) We will eliminate redundancies throughout the corporation to decrease our overall expenses by 20%.
(4) Each human resource employee will use advertisements and personal networking to attract at least 10 qualified applicants per open position.
(A) Tactical
(B) Mission statement
(C) Operational
(D) Strategic

Answer 1

Answer:

Allworld Insurance

1. Mission Statement

2. Tactical

3. Strategic

4. Operational

Explanation:

(A) Tactical plans include specific actions to enable the achievement of company-wide strategies.

(B) Mission statement describes the goal of an entity.  For example, a mission statement can describe an entity as renowned for its efficiency and cost reduction for its customers.

(C) Operational plans cover daily and routine activities at the individual level of the organization.

(D) Strategic plans embrace the whole organization and establishes how organizational goals will be achieved.