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Cruz - Midterm Exam

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Cruz - Midterm Exam

om exam

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sc660997
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Pamantasan ng Lungsod ng Maynila

Intramuros Manila

MIDTERM EXAMINATION IN OPERATIONS MANAGEMENT

Name: Sofia Bianca O. Cruz Score___________________


Year/Course: BSBA HRM 2-1 Date: November 6, 2024

I. TRUE OR FALSE. Write True if the statement is correct and write False if the statement is incorrect.

True 1. Business Description contains a brief description of the venture and why it is likely to be successful.
True 2. Top management is tasked to review and revise strategic directions like vision, mission and goals.
True 3. Corporate- level strategies are broader and more general compared with business- level strategies.
False 4. Rank and file staff seeks and obtain information needed for understanding the corporation and its
environment.
True 5. Technical skills pertain to what is done and to work with things. Ability to use technology to perform
True 6. Top management searches the corporation and its environment for projects to improve products,
processes, procedures, and structures.
True 7. The firm’s present strategies, objectives and mission, coupled with the internal and external audit
information provides a basis for generating and evaluating feasible alternative strategies.
True 8. Strategy is sometimes defined as the match an organization makes between its internal resources and
skills and the opportunities and risks created by its external factors.
False 9. The common forms of short-term objectives are growth in assets, sales, profitability, market share, and
social responsibility.
False 10. Establishing vision, mission, and goals is a decentralized activity that directly involves all managers in
an organization.
True 11. Strategy formulation is positioning forces before the action while strategy implementation is managing
forces during the action.
True 12. Strategy implementation requires special motivation and leadership skills while strategy formulation
requires good intuitive and analytical skills.
True 13. Strategy formulation is primarily an intellectual process while strategy implementation is primarily an
operational process.
False 14. Monitoring is the projection of what might happen in the future to the company.
True 15. Analysis of society is important because broad societal changes and trends can provide opportunities
for organizations.

II. ANALYSIS: SWOT Analysis. Analyze the statements below. Write A if the statement refers to strength, B for
weakness, C for opportunity and D for threat.

D 16. Peso devaluation


A 17. Improved in employee tardiness
B 18. Insufficient budget for various projects/ programs
C 19. Company expansion and diversification
A 20. Company innovation
A 21. Supportive owner of the business
D 22. A calamity that havoc the entire area
A 23. Established employee reward system
D 24. Conflict with major supplier
A 25. Gained Food and Safety Certification
C 26. Influx of domestic and international tourists within the area
B 27. Absence of strategic directions
D 28. Red tape in government institution
D 29. Growing numbers of restaurants along the area
A 30. High morale among employees.
III. ESSAY QUESTION.

CRITERIA - Content - 10 points (minimum of 3 paragraphs with 5 sentences each)


Organization and Clarity - 5 points
Grammar - 5 points

31-50. Cite three reasons on how a company can benefit from having a good business goals.

There is a reason setting a good business goals is a best practice for an organization because they help
drive businesses in the right direction. A company can be able to benefit from having a good business goal. First,
good business goals give executives and employees a sense of purpose, helping them to understand the main
aims of their organization. When everyone is working toward the same goal or objective, efforts are more
concentrated and well-coordinated, reducing the confusion and enhancing productivity. This direction helps the
whole company move forward the same objectives and goals.

Next, a well-defined business goals help in measuring progress and success. By setting specific,
measurable, achievable, relevant, and time-bound (SMART) goals can help organization focus on identifying
areas for improvement and increase the chance of successfully completing them. The monitoring process
motivates employees, as they can see how their work contributes to the comp’ny's goal. Also, this not only keeps
the company on track but also provides motivation and accountability for employees, as they can see how their
work contributes to larger objectives. By regularly reviewing progress toward the company goals ensures that
they stays aligned with its mission and can adjust strategies as needed for continuous improvement.

Lastly, a company with clear and good business goals helps to take control of strategic decisions in the
company. When a company know its goal and objectives, it can prioritize its projects and resources to align with
its bigger vision. For example, if the company wants to increase its market share, it may spend a lot of money
on product marketing and development. Having well-defined objectives allows leaders to make informed
decisions that directly contibute to the company’s growth and competitiveness. With clear business goals guiding
a company, companies can respond effectively to challenges and opportunities.

Goodluck!

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