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Questions and Answers
What does strategic management focus on integrating?
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?
Which activity is NOT part of the strategic-management process?
- Evaluating
- Formulating
- Implementing
- Budgeting (correct)
What is the connection between business and military strategy?
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?
What is the need for integrating analysis and intuition in strategic management?
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What is the comprehensive strategic-management model intended to illustrate?
What is the comprehensive strategic-management model intended to illustrate?
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