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)

<p>To shape the strategies pursued by the firm (B)</p> Signup and view all the answers

<p>To help the organization move forward toward its vision (D)</p> Signup and view all the answers