Mastering Strategic Management
5 Questions
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Mastering Strategic Management

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.

Created by
@ConvincingOtter138

Questions and Answers

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 ______

<p>directive</p> Signup and view all the answers

Adaptive mode A decision-making mode characterized by reactive solutions to existing problems, rather than a proactive search for new ______

<p>opportunities</p> Signup and view all the answers

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