Strategic Management Process Quiz

A static approach to achieving long-term objectives

A random decision-making process

A set of rules for day-to-day operations

A process to best use resources and capabilities for superior firm performance (correct)

Complete elimination of competition

Short-term profits at the expense of long-term objectives

Their goals within a dynamic and competitive environment (correct)

Isolation from the external environment

Broad goals that help the organization move forward toward its vision (correct)

Rigid plans that never change

Unrelated decisions made by the management

Detailed day-to-day tasks for employees

<p>Ancient times, particularly used in warfare</p> Signup and view all the answers

<p>The compass that guides them, ensuring alignment with vision, mission, and core values</p> Signup and view all the answers