Benefits of Strategic Management

To engage in firefighting activities to resolve internal crises.

To allow them to be more reactive and follow the market trends.

To solely focus on internal operations and neglect external threats.

To help them initiate and influence activities, exert control over their destiny, and be more proactive than reactive. (correct)

Enhanced awareness of external threats and improved understanding of competitors' strategies. (correct)

Decreased employee productivity and increased resistance to change.

No effect on performance-reward relationships and no reduction in resistance to change.

Viewing planning as unnecessary and a waste of time.

They have formal training in strategic management.

They view planning as a waste of time and are content with current success. (correct)

They value effective planning that takes time and effort.

They have monetary rewards for strategic planning.

<p>Not using plans as a standard for measuring performance.</p> Signup and view all the answers

<p>Business strategy assumes cooperation, while military strategy assumes competition.</p> Signup and view all the answers

<p>It is a matter of life or death for the state, leading either to survival or ruin.</p> Signup and view all the answers