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 (A)</p> Signup and view all the answers

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