16 Questions
Strategic management is considered the capstone course of all ______ and business subjects.
management
The bedrock of strategic management is made up of various business courses such as the principles of ______, managerial economics, and human behavior in an organization.
management
Strategic management gives preferential attention to ______.
planning
Strategic managers spend more time and effort on ______ as compared to other managerial functions.
planning
A manager performs several functions such as planning, organizing, staffing, directing, and ______ with equal importance.
controlling
Strategic management is the ______ course of all management and business subjects.
capstone
Figure 1.1 illustrates the relationship or the ______ of the subjects.
interrelatedness
Strategic management is considered the ______ course of all management and business subjects.
capstone
Strategic management gives preferential attention to ______.
planning
Figure 1.1 illustrates the relationship or the ______ of the subjects.
interrelatedness
Strategic management is the ______ course of all management and business subjects.
capstone
A manager performs several functions such as planning, organizing, staffing, directing, and ______ with equal importance.
controlling
Strategic managers spend more time and effort on ______ as compared to other managerial functions.
planning
The bedrock of strategic management is made up of various business courses such as the principles of ______, managerial economics, and human behavior in an organization.
management
Strategic management is considered the ______ course of all management and business subjects.
capstone
Strategic management is considered the capstone course of all ______ and business subjects.
management
Study Notes
Strategic Management
- Considered the capstone course of all management and business subjects
- Bedrock consists of various business courses such as principles of management, managerial economics, and human behavior in an organization
Managerial Functions
- A manager performs several functions: planning, organizing, staffing, directing, and controlling with equal importance
- Strategic managers spend more time and effort on controlling as compared to other managerial functions
Importance of Strategic Management
- Gives preferential attention to controlling
- Figure 1.1 illustrates the relationship of the subjects
- Considered the capstone course of all management and business subjects
Test your knowledge on the nature, definition, stages, evolutionary phases, purposes, and benefits of strategic management. This quiz covers key concepts discussed in Chapter 1 of Understanding Strategic Management.
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