6 Questions
What is the primary focus of strategic management?
Monitoring and evaluating external opportunities and threats
Which phase comes first in the evolution of strategic management in corporations?
Basic financial planning
What is the typical time horizon for basic financial planning?
One year
How does forecast-based planning differ from basic financial planning?
Forecast-based planning incorporates both internal and external information
What does strategic management involve with regard to external opportunities and threats?
Strategic management considers both opportunities and threats
Which phase of strategic management involves the use of sophisticated techniques and consultants?
Forecast-based planning
Test your knowledge on the emphasis of strategic management. This quiz covers topics such as monitoring external opportunities, evaluating threats, and analyzing a corporation's strengths and weaknesses.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
