Strategic Management Benefits Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Improved decision-making</p> Signup and view all the answers

    How does strategic management contribute to organizational performance?

    <p>By aligning resources with objectives</p> Signup and view all the answers

    What is a characteristic of effective strategic management?

    <p>Flexibility to adapt to changing circumstances</p> Signup and view all the answers

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