12 Questions
Strategic decision making helps businesses achieve their ______
goals
Monitoring cash flow systems aids in ______ control
liquidity
Through strategic management, companies generate more ______ ideas
profitable
Implementing innovative ideas strategically leads to long-term benefits in terms of ______
revenue
Strategic management helps in preventing ______ risks
legal
Strategic decisions benefit partners and board members by avoiding conflicts of ______
interest
Maintaining legal compliance and lowering the possibility of fines related to breaking legal responsibilities are frequently made easier by consulting an ______, insurance company, and other specialists.
attorney
A clearer grasp of the direction is established through the staff's and board's participation in strategic ______.
decision-making
An organization must define its goals and determine its level of performance through strategic ______.
management
Making strategic decisions is a crucial component of corporate ______.
expansion
The efficiency of your company is increased when strategic decisions are implemented, which is one of their most notable ______.
advantages
Success in the marketplace and longer-term viability are guaranteed by adopting strategic ______.
management
Explore the advantages of strategic management in achieving business objectives. Learn how strategic decision making can help businesses improve international competitiveness, brand recognition, customer service, and industry leadership.
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