Which of the Following Is a Reason That Strategic Management

question 50

Multiple Choice

Which of the following is a reason that strategic management is important?

• A)Stockholders demand long-term planning of profits from a stable economic market.
• B)Management realised the only way to beat competitors in a static environment is to develop long-term planning.
• C)The 1950s and 1960s left a powerful economic machine that needed strategic control.
• D)Organisations that use strategic management do have higher levels of performance.
• E)The liberal political policies of the early 1970s forced companies to incur tax increases.

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Definitions:

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychological stages of human development spanning the entire lifespan.

Young Adulthood

A developmental stage ranging approximately from late teens through the twenties, characterized by exploration of personal and professional identity.

Career Commitment

The degree of an individual's psychological attachment to their career, including their willingness to maintain and pursue long-term career goals.

Financial Independence

The state of having sufficient personal wealth to live, without having to work actively for basic necessities.