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Questions and Answers
Strategic management provides overall direction to an enterprise.
Strategic management provides overall direction to an enterprise.
True (A)
Strategic management involves the formulation and implementation of goals and initiatives by an organization's managers.
Strategic management involves the formulation and implementation of goals and initiatives by an organization's managers.
True (A)
Strategic management is a static process that does not require monitoring and feedback.
Strategic management is a static process that does not require monitoring and feedback.
False (B)
Michael Porter identifies two principles underlying strategy.
Michael Porter identifies two principles underlying strategy.
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Strategic management models can assist in decision-making in complex environments.
Strategic management models can assist in decision-making in complex environments.
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