HRM 300 Final Exam Guide (New, 2018)n
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True and False: Please mark either T or F in the appropriate space before the question
1. ____A strategic plan is the company’s plan for how it will match its internal strengths and weaknesses with external opportunities and threats in order to maintain a competitive advantage. There are three levels of strategic planning. They are corporate , completive, and functional.
2. ___ Succession planning is the process of ensuring a suitable supply of successors for current and future key jobs arising from business strategy, so that the careers of individuals can be planned and managed to optimize the organization’s needs and the individuals’ aspirations.