Why is strategic management important?
A. It has little impact on organizational performance
B. It is involved in many of the decisions that managers make
C. Most organizations do not change
D. Organizations are composed of similar divisions and functions
Answer: Option B
Solution (By Examveda Team)
Strategic management important because It is involved in many of the decisions that managers make. It acts as a foundation for all key decisions of the firm. It attempts to prepare the organization for future challenges and play the role of pioneer in exploring opportunities and also helps in identifying ways to reach those opportunities.This Question Belongs to Management >> Strategic Management
Strategy is developed by the visionary chief executive in ___________ mode of strategic management
A. planning mode
B. adaptive mode
C. strategic mode
D. entrepreneurial mode
Stability strategy is a ____________ strategy
A. corporate level
B. business level
C. functional level
D. strategic level
What are the means by which long term objectives will be achieved?
A. Strategies
B. Policies
C. Strength
D. Opportunities
Marketing strategy is a ___________ type of strategy
A. business level
B. Growth strategy
C. corporate strategy
D. functional strategy
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