Strategic Management Process Quiz

A process for firms to utilize resources and capabilities for superior performance (correct)

A method to isolate organizations from external factors

A static framework for organizations to follow

A concept solely based on ancient warfare strategies

Detailed operational plans for day-to-day activities

Broad goals to help the organization move forward towards its vision (correct)

Short-term financial targets

Tactical maneuvers in warfare

An internal-focused tool disregarding external factors

A shield protecting from competitive environments

A rigid set of rules limiting flexibility

A compass guiding decision-making, resource allocation, and actions (correct)

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