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When Managers "Manage Strategically" by Following the Strategic Management Process

question 44

True/False

When managers "manage strategically" by following the strategic management process, the chosen strategies will always lead to positive outcomes.


Definitions:

Long Time

An extended period or duration, often used in the context of something that takes a considerable length of time to finish or endure.

Customer Needs

The requirements and desires of purchasers that motivate them to buy products or services.

Innovation Efforts

The activities oriented towards creating new products, improving existing offerings, or developing novel processes and technologies.

Business

The organized efforts and activities of individuals to produce and sell goods and services for profit.

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