5 Questions
External environment (Opportunities and ______) outside the organization and not typically within the short-run control of top management
Threats
Internal environment (Strengths and ______) that are within the organization itself and not usually within the short run
Weaknesses
Strategy formulation development of long-range plans for the effective management of environmental opportunities and ______
threats
Strategic decisions Decisions that deal with the long-run future of an entire organization and are rare, consequential, and ______
directive
Adaptive mode A decision-making mode characterized by reactive solutions to existing problems, rather than a proactive search for new ______
opportunities
Test your knowledge on strategic management with this quiz! Explore the concepts of external and internal environments, strategy formulation, and development of long-range plans. Identify strengths, weaknesses, opportunities, and threats to enhance your understanding of effective management strategies.
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