Strategic Management Quiz

Formulating, implementing, and evaluating long-term strategies and plans (correct)

Day-to-day operations management

Employee satisfaction and retention

Short-term financial gains

Conducting daily operational tasks

Implementing short-term tactics

Hiring new employees

Defining mission, vision, values, and conducting SWOT analysis (correct)

To gain a sustainable competitive advantage (correct)

To meet short-term financial targets

To maintain status quo

To reduce employee workload

<p>Strategies outlining how to achieve objectives</p> Signup and view all the answers

<p>Changes in internal and external environment</p> Signup and view all the answers