Management Principles

Reacting to uncertainty without setting goals

Creating flexible strategies without specific goals

Implementing goals without any prior decision-making

Setting goals and deciding how to achieve them (correct)

Current firm’s achievements and future aspirations

Proposed firm’s goals, strategy, and standards for measuring success (correct)

Employee performance evaluations

Competitor analysis and market trends

Grow the business organically (correct)

Diversify into unrelated industries

Acquire other companies for rapid expansion

Reduce customer base for higher profitability

<p>Long-term goals and direction</p> Signup and view all the answers

<p>Managers from all parts of the organization in formulation and implementation of strategies and goals</p> Signup and view all the answers