QuI An action plan is not complete if it fais to recognize the resources a unit
ID: 344392 • Letter: Q
Question
QuI An action plan is not complete if it fais to recognize the resources a unit needs to implement ts share of the strategy By "resources" we are referring to financial resources, money is the realy important and crtical factor in successful implementation, strategy implementation must be adequately funded to be successfult and when adequately funded, most other types of resources tend to fa·in place by themselves Select one Fin True False ss of strategy molementation, unt-wevel Strategic plans for the overall organization usualy cover a mutiyear perod, typicaly 3-5 years or more. However, ih the proce goals and action plans should be limited to one year, so that managers can Select one: O True O False tocus effectively on execution and reach their annual budget targetsExplanation / Answer
1. false - to implement the strategic plan successfully all the factors such as people, technology, time, training etc play an equally important role. It depends on other factors as to which resource is most important at that moment.
2- true As all goals of the strategic planning cannot be achieved in a year hence it is done for multi-year period. But strategy implementation on unit level goals and action plans can be reviewed annually as they give results annually if implemented efficiently.