Strategic Management Essentials Quiz
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Questions and Answers

What does strategic management focus on integrating?

  • Research and development, information systems, and operations
  • Management, marketing, finance, and accounting (correct)
  • Human resources, production, and sales
  • Customer service, technology, and procurement

    • Which activity is NOT part of the strategic-management process?

  • Evaluating
  • Formulating
  • Implementing
  • Budgeting (correct)

    • What is the connection between business and military strategy?

  • Both emphasize individual heroism
  • They both involve physical combat
  • Both focus on resource allocation and competitive advantage (correct)
  • They both require hierarchical decision-making

    • What is the need for integrating analysis and intuition in strategic management?

    <p>Intuition alone is not reliable for decision-making</p> Signup and view all the answers

    What is the comprehensive strategic-management model intended to illustrate?

    <p>The entire strategic-management process</p> Signup and view all the answers

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