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Questions and Answers
What is the definition of strategy according to Chandler?
What is the definition of strategy according to Chandler?
- The determination of basic long term goals and objectives of an enterprise and the adoption of courses of action for carrying out these goals
- The short term goals and objectives of an enterprise and the adoption of courses of action and the allocation of resources for carrying out these goals
- The allocation of resources for carrying out short term goals and objectives of an enterprise
- The determination of basic long term goals and objectives of an enterprise and the adoption of courses of action and the allocation of resources for carrying out these goals (correct)
What is the primary focus of strategic management?
What is the primary focus of strategic management?
- Daily operational decisions
- Financial management
- Long term goals and objectives (correct)
- Short term goals and objectives
What does strategic management determine?
What does strategic management determine?
- The daily operations of a company
- The financial performance of a company
- The short term performance of a company
- The long term performance of a company (correct)
