WGU C483.
Western Governors University
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WGU - C483 EXAM STUDY QUESTIONS AND ANSWERS GRADED A 2024
- Exam (elaborations) • 41 pages • 2024
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Planning - the conscious, systematic process of deciding what goals and activities a person, group, work unit, or organization will pursue in the future 
 
Situational Analysis 
(step 1 of planning) - A process planners use to gather, interpret, and summarize all information relevant to the planning issue under consideration 
 
Goal 
(step 2a) - A target or end that management desires to reach. 
 
Plans 
(step 2b) - The actions or means managers intend to use to achieve organizational goals. 
 
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WGU C483 Principles of Management - (Pre-Assessment)
- Exam (elaborations) • 14 pages • 2023
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WGU C483 Principles of Management - (Pre-Assessment) 
Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process? 
Analysis of external opportunities and threats 
Skilled management, positive cash flow, and well-known brands are examples of which component of the SWOT analysis? 
Strengths 
What denotes skills or expertise in an activity that constitutes the roots of competitiveness in an organization? 
Core competencies 
Ac...
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