Strategic Management Fundamentals

Thinking through the overall mission of a business (correct)

Formulating strategies for competitive advantage

Evaluating the effectiveness of strategies

Implementing strategies and allocating resources

How to allocate resources effectively?

How to achieve competitive advantage?

What do we want to become? (correct)

What products or services to offer?

Strategy implementation

Resource allocation (correct)

Strategy evaluation

Strategy formulation

<p>Controllable activities performed well or poorly</p> Signup and view all the answers

<p>To serve as short-term milestones for achieving strategies</p> Signup and view all the answers

<p>Relying on data and evidence</p> Signup and view all the answers