The Strategic Management Process Is

question 121

Multiple Choice

The strategic management process is

• A)a set of activities that will assure a sustainable competitive advantage and above-average returns for the firm.
• B)a decision-making activity concerned with a firm's internal resources, capabilities, and competencies, independent of the conditions in its external environment.
• C)a process directed by top-management with input from other stakeholders that seeks to achieve above- average returns for investors through effective use of the organization's resources.
• D)the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.

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Definitions:

Society

A community of people living together in a more or less ordered community, often with shared laws, traditions, and values.

Wrongs

Actions or conduct that are considered unjust, immoral, or harmful to others, often subject to legal remediation.

Redress

The remedy or compensation for a wrong or grievance.

Cyberlaw

An informal term used to refer to all laws governing electronic communications and transactions, particularly those conducted via the Internet.