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Questions and Answers
What is the primary focus of strategic management?
What is the primary focus of strategic management?
- Monitoring and evaluating external opportunities and threats (correct)
- Examining the organization's internal environment
- Analyzing the short-run performance of the corporation
- Evaluating the performance of first line managers
Which phase comes first in the evolution of strategic management in corporations?
Which phase comes first in the evolution of strategic management in corporations?
- Forecast-based planning
- Basic financial planning (correct)
- Externally-oriented planning
- Internally-oriented planning
What is the typical time horizon for basic financial planning?
What is the typical time horizon for basic financial planning?
- One quarter
- One year (correct)
- Less than one month
- More than five years
How does forecast-based planning differ from basic financial planning?
How does forecast-based planning differ from basic financial planning?
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What does strategic management involve with regard to external opportunities and threats?
What does strategic management involve with regard to external opportunities and threats?
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Which phase of strategic management involves the use of sophisticated techniques and consultants?
Which phase of strategic management involves the use of sophisticated techniques and consultants?
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