CSS Strategic Planning Flashcards
7 cards from real CSS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 CSS Strategic Planning flashcards as text
In the SMART framework for objectives, what does the 'A' commonly stand for?
Answer: Achievable
SMART objectives are Specific, Measurable, Achievable, Relevant, and Time-bound.
What distinguishes a mission statement from a vision statement?
Answer: The mission states current purpose while the vision describes the future aspiration
A mission defines the organization's present purpose; a vision describes its desired future.
Which tool maps competitive forces such as supplier power and threat of new entrants?
Answer: Porter's Five Forces
Porter's Five Forces analyzes industry competition including supplier power and new entrants.
What is the purpose of a gap analysis in strategic planning?
Answer: To compare current performance against desired future state and identify shortfalls
Gap analysis identifies the difference between where an organization is and where it wants to be.
A balanced scorecard typically measures performance across how many key perspectives?
Answer: Four: financial, customer, internal process, and learning/growth
The balanced scorecard uses four perspectives to give a rounded view of performance.
Why should strategic plans include a review and revision cycle?
Answer: Because conditions change and plans must adapt to remain relevant
Regular review lets organizations adjust strategy as internal and external conditions evolve.
What is a key performance indicator (KPI) used for?
Answer: Quantifying progress toward a specific strategic objective
KPIs are measurable values showing how effectively objectives are being achieved.