The Strategic-Management Process Takes Place Largely Within a Particular Organization's

question 36

Multiple Choice

The strategic-management process takes place largely within a particular organization's ________.

• A) business model
• B) culture
• C) finances
• D) supplier base
• E) customer base

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Definitions:

Mission

The foundational statement that defines an organization's core purpose and direction.

Vision

A clear and inspirational long-term desired change resulting from an organization's or individual's work.

Values

Core beliefs or standards that guide behavior and decision-making.

Core Competencies

Resources and capabilities that serve as a firm's competitive advantage.