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Questions and Answers
Which of the following is a key objective of strategic management?
Which of the following is a key objective of strategic management?
- To increase market share (correct)
- To enhance customer satisfaction
- To improve employee morale
- To reduce costs
What is the main purpose of closing the strategic planning gap?
What is the main purpose of closing the strategic planning gap?
- To reduce operational costs
- To increase profitability (correct)
- To expand into new markets
- To improve product quality
Why is pursuing a combination strategy considered risky?
Why is pursuing a combination strategy considered risky?
- It increases competition in the market
- It requires significant financial investment
- It can dilute the company's focus (correct)
- It often leads to conflicts among employees
What is the main focus of this lesson?
What is the main focus of this lesson?
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Why do companies embrace strategic management?
Why do companies embrace strategic management?
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