Question

According to Ron Shaich, Panera Bread has achieved about 80 percent of what he and his management team had envisioned for the company back in 1994. This vision he refers to is part of Panera Bread's___________________

Answer 1

The correct answer is letter "B": strategic planning.

Step-by-step explanation:

There are three types of planning: strategic planning, operational, and tactical. Strategic planning is the management process that allows organizations to determine and establish the objectives that it is attempting to reach as well as the activities that will be performed to achieve them, taking into consideration better decision-making and the intention of providing the company with a path.

Answer 2

Strategic planning.

Step-by-step explanation:

Strategic planning is the way an organisation defines it's strategy and means by which resources are allocated to meet the set goals and objectives. It provides direction by identifying where an organisation is at present and where they are going. Long-term goals and action plans are formulated.

So Panera Bread achieving 80% of what they envisioned in 1994 is the strategic planning of the company at play. Methods implemented have made the company achieve 80% of their goal.