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Questions and Answers
Which one of the following best defines strategic management?
Which one of the following best defines strategic management?
- The art and science of directing military forces in a battle/war
- The process of planning and organizing the resources and activities of a business to achieve specific goals (correct)
- The action that managers take to attain one or more of the organization's goals
- A broad long-term plan designed to achieve the overall objectives of an organization
Which one of the following is NOT one of the three main aspects of strategy?
Which one of the following is NOT one of the three main aspects of strategy?
- What is the present position of the firm
- How to analyze the origin of the word/concept of strategy (correct)
- How to achieve the future position
- What should be the future position of the firm
Where does the concept of strategy in business come from?
Where does the concept of strategy in business come from?
- Greek word 'strategos' (correct)
- General management
- Military forces
- Organizational objectives
According to H.L. Ansoff, strategic management is a systematic approach to what responsibility of general management?
According to H.L. Ansoff, strategic management is a systematic approach to what responsibility of general management?
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What is the overall objective of an organization?
What is the overall objective of an organization?
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