Strategic Management Quiz

Short-term resource allocation only

Formulation and implementation of major goals and initiatives (correct)

Daily operational decision-making

Exclusively internal environment assessment

Predictable, with no need for monitoring

Static, with fixed models

Reactive, with no room for adjustments

Dynamic, with models including a feedback loop (correct)

Creating a unique and valuable market position, making trade-offs, creating fit (correct)

Investing in technology, outsourcing, downsizing

Following competitors, avoiding risks, diversifying products

Maximizing profits, minimizing costs, expanding market share

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