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What is a key benefit of strategic management?
What is a key benefit of strategic management?
- Unpredictable market response
- Improved decision-making (correct)
- Increased employee turnover
- Higher production costs
How does strategic management contribute to organizational success?
How does strategic management contribute to organizational success?
- By promoting internal conflicts
- By providing a clear sense of direction (correct)
- By encouraging random decision-making
- By disregarding market trends
What role does strategic management play in adapting to change?
What role does strategic management play in adapting to change?
- Enabling proactive response to environmental shifts (correct)
- Creating rigid organizational structures
- Encouraging resistance to change
- Promoting complacency towards change
What is a common benefit of strategic management?
What is a common benefit of strategic management?
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How does strategic management contribute to organizational performance?
How does strategic management contribute to organizational performance?
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What is a characteristic of effective strategic management?
What is a characteristic of effective strategic management?
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