10 Questions
What is the art of war by Sun Tzu regarded as?
The first treatise on strategy
Which of the following is NOT one of the four basic elements on which strategies are built?
Effective implementation
What is the role of strategy in an organization or individual?
To give coherence and direction to actions and decisions
What is the main purpose of strategic management?
To determine the long-run performance of a corporation
What is the relationship between business strategy and military strategy?
Enterprises need business strategy, while armies need military strategy
What is the definition of strategic management?
Strategic management is a set of managerial decisions and actions that determines the long-run performance of a corporation.
What are the four basic elements on which strategies are built?
The four basic elements on which strategies are built are goal, understanding competitive environment, objective appraisal of resources, and effective implementation.
What is the purpose of strategy?
The purpose of strategy is to provide coherence and direction to the actions and decisions of an individual or an organization.
What is the relationship between strategy and tactic?
Strategy is the overall plan for deploying resources, while tactic refers to the specific actions taken to achieve a strategic goal.
What is the art of war by Sun Tzu regarded as?
The art of war by Sun Tzu is regarded as the first treatise on strategy, dating back to 500 BC.
Test your knowledge on strategic management and its origins with this quiz. Learn about the elements of successful strategies, understanding the competitive environment, objective resource appraisal, and effective implementation. Explore the military antecedents that shaped strategic management.
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