PGA Level 1 Facility Management| 277 questions| with complete solutions
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PGA Business Planning Model The process for developing a business plan starts before you established the goals you would like to achieve for the shop's coming year, Correct Answer: True Staff sh... ould be involved in effective business planning to create a sense of ownership. Correct Answer: True, Majors stakeholders and staff. Assessing the current state of business is the most significant advantage of strategic business planning. Correct Answer: False. Most significant advantage is it provides a long term vision. Who should provide direction for creating the business plan at a golf operation? Correct Answer: The people in charge. Pros, board members, and GM. Key stakeholders. What are the five phases of the PGA Business planning model? Correct Answer: Define the business Assess the current state of the business. Develop business goals, objectives, and related strategics. Prepare financial forecasts and budgets. Monitor performance According to the business planning model, a business plan should build on and refine the operational plan. Correct Answer: False What is the usual business destination for long range planning. Correct Answer: Usually a long term is 3-5 years. A part of this long-range plan is annual operating budget and cash flow statement. [Show More]
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