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What is the role of strategic intent in the development of an overall business strategy?
What is the role of strategic intent in the development of an overall business strategy?
- It has no significant role in business strategy development.
- It limits the scope of strategic management.
- It formulates Vision, Mission, Goals, and Values. (correct)
- It focuses on short-term planning only.
According to Henry Mintzberg, what is the relationship between planning and strategy?
According to Henry Mintzberg, what is the relationship between planning and strategy?
- Strategy is not the consequence of planning; it's the starting point. (correct)
- Planning is the primary driver of strategic decisions.
- Strategy is solely derived from detailed planning processes.
- Planning and strategy are interchangeable concepts.
What did Michael Porter imply by stating 'The company without a strategy is willing to try anything'?
What did Michael Porter imply by stating 'The company without a strategy is willing to try anything'?
- Strategic management has no impact on a company's decision-making.
- Having no strategy allows a company to be more adaptable.
- A company without a strategy follows a highly structured approach.
- A company without a clear strategy lacks direction and purpose. (correct)
What is emphasized by acknowledging the limitations of strategic management?
What is emphasized by acknowledging the limitations of strategic management?
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What does strategic management encompass?
What does strategic management encompass?
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