Strategic Management Is the Set of Managerial Decisions and Actions

question 103

True/False

Strategic management is the set of managerial decisions and actions that determines the short- term performance of an organization.

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Definitions:

Substitution

Substitution in behavior refers to the process of replacing one activity or stimulus with another, often seen in coping strategies.

Cognitive Development

The development of cognitive processes such as memory, problem-solving abilities, and making decisions, starting in childhood and progressing through teenage years into adult life.

Piaget

Refers to Jean Piaget, a Swiss psychologist known for his pioneering work in developmental psychology and his theory of cognitive development in children.

Thought Processes

The mental operations that allow individuals to perceive, understand, remember, and think about information.