How Is Strategic Management Different from Other Types of Management

question 14

Multiple Choice

How is strategic management different from other types of management?

• A) Strategic management has an external focus by its emphasis on the interactions of the organization with its external environment.
• B) Strategic management involves the organization's specific resources and capabilities.
• C) Strategic management concerns itself with the choice of future direction that the organization is going.
• D) Strategic management enables managers to evaluate the organization's internal and external situation and decide future actions to take.
• E) All of the answer choices are correct.

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Definitions:

Confidence Interval

A collection of values, sourced from statistical study of a sample, likely holding the unknown quantity of a population parameter.

Degrees Of Freedom

The number of independent values or quantities that can vary in the analysis without violating any constraints.

T Distribution

A type of probability distribution that arises when estimating the mean of a normally distributed population in situations where the sample size is small and the population standard deviation is unknown.

Confidence Interval

A range of values, derived from the sample data, that is likely to contain the value of an unknown population parameter.