Podcast
Questions and Answers
What is one of the main reasons why strategic management is important?
What is one of the main reasons why strategic management is important?
- To help achieve better organizational performance (correct)
- To decrease organizational goals
- To limit the types and sizes of organizations
- To increase the number of employees
How does strategic management help organizations with changing situations?
How does strategic management help organizations with changing situations?
- By only focusing on past actions
- By avoiding all changes
- By ignoring relevant factors
- By providing tools to cope with changing situations (correct)
Which organization uses strategic management to coordinate and focus employees' efforts effectively?
Which organization uses strategic management to coordinate and focus employees' efforts effectively?
- A neighborhood charity organization
- A small independent bookstore
- A local coffee shop
- A multinational retailer like Walmart (correct)
What type of organizations can benefit from strategic management apart from business organizations?
What type of organizations can benefit from strategic management apart from business organizations?
Why have university administrators assessed their colleges' aspirations according to the text?
Why have university administrators assessed their colleges' aspirations according to the text?
How has competition in the educational sector impacted university administrators according to the text?
How has competition in the educational sector impacted university administrators according to the text?
What is a key benefit of strategic management for organizations?
What is a key benefit of strategic management for organizations?
How does strategic planning relate to an organization's performance?
How does strategic planning relate to an organization's performance?
Why is strategic management necessary for organizations facing changing situations?
Why is strategic management necessary for organizations facing changing situations?
How does Walmart utilize strategic management for its vast workforce?
How does Walmart utilize strategic management for its vast workforce?
Which type of organizations can benefit from implementing strategic management?
Which type of organizations can benefit from implementing strategic management?
Why have many university administrators assessed their colleges' aspirations according to the text?
Why have many university administrators assessed their colleges' aspirations according to the text?
