Strategic Management

(1) Which of the following is not a strategy company usually considers?

a. Corporate Strategy

b. Business Strategy

c. Functional Strategy

d. Innovation Strategy

Your Answer:

(2) Recall that in the Basic Model of Strategic Management, there are four basic elements. Which one is the development of long-range plans for the effective management of environmental opportunities and threats?

a. Environmental scanning

b. Strategy formulation

c. Strategy implementation

d. Evaluation and control

Your Answer:

(3)True or False: Strategic decisions deal with short term needs of an entire organization.

a. True

b. False

Your Answer:

(4)It is crucial that we understand the steps involved in strategic decision making process in order to improve the process. Please rephrase to the best of your knowledge the steps involved in a rational approach to strategic decision making.

Your Answer:

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