Planning and Strategy Planning is the management function that involves identifying and selecting the appropriate goals and courses of action for a team, division, or organization. The planning process results in an organizational plan that details the goals of the organization and the specific strategies managers will use to attain those goals. Planning is usually a three-step activity involving (1) determining the organization's mission and goals, (2) formulating a strategy, and (3) implementing the strategy In this exercise you will identify the activities involved in each of the three steps of the planning process. Instructions: For each descriptor, determine which part of the planning process is represented. 1. Toys "R"Us - Is researching the effects of falling birth rates, changes in the play patterns of children, and the growth of online shopping as they may affect the company's future. (Click to select) 2. BMW - Decided its best strategy is focused differentiation-producing cars for high-end customers. (Click to select) 3. General Electric - Plans to be number 1 or number 2 in every industry in which it does business. (Click to select) 4. Macy's...Has.setin motion a plan to close 14 stores nationwide in response to its customers' changing buying habits Click to select) 5. Wendy's - Hopes to differentiate itself from its competitors by making their restaurants cozler. (Click to select) 6. Pinterest - Wants its customers to see it as "A tool for collecting and organizing the things that inspire you." (Click to select) 7. Indra Nooyl - Indra Nooyi instructed managers to purchase Quaker in order to acquire Gatorade to strengthen its beverage division (Click to select) 8. University of California - Has allocated resources to develop online courses (Click to select) 9. Mary Barra - Intends to increase the global impact of General Motors (Click to select)