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:

Mutually Beneficial

A situation or agreement that provides advantages to all parties involved.

Salesforce Structures

The organizational setup of a company's sales operations, defining the roles, territories, account management, and reporting lines to optimize sales performance.

Geography

The study of places, the relationships between people and their environments, and the physical and human characteristics of the Earth's surface.

Customer

An individual or business that purchases goods or services from a company.