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Questions and Answers
What are the benefits of strategic management?
What are the benefits of strategic management?
- Brand recognition, social responsibility, and technology adoption
- Market expansion, product diversification, and increased competition
- Improved decision-making, enhanced organizational performance, and increased profitability (correct)
- Cost reduction, employee satisfaction, and customer loyalty
How does globalization influence strategic management?
How does globalization influence strategic management?
- By reducing the need for international partnerships
- By increasing market opportunities and competition (correct)
- By standardizing business practices globally
- By limiting access to foreign markets
What do learning organizations excel at?
What do learning organizations excel at?
- Adapting to change and fostering innovation (correct)
- Avoiding risk and uncertainty
- Maintaining traditional practices and resisting change
- Following hierarchical structures and rigid processes
What are some common triggering events for strategic change?
What are some common triggering events for strategic change?
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What is the basic model of strategic management and its components?
What is the basic model of strategic management and its components?
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