In Its Early History, Strategic Management Emphasized

question 52

Multiple Choice

In its early history, strategic management emphasized:

• A)Strategic planning tools as the best way to achieve success
• B)Corporate culture as the main determinant of competitive advantage
• C)Cost advantage based on scale as the primary source of competitive advantage
• D)Autocratic management style as most effective.

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Definitions:

Fast-track Managers

Managers identified for rapid career advancement due to their high potential, exceptional performance, and ability to handle increased responsibilities efficiently.

Leadership Training Program

A structured course or set of activities designed to develop skills and competencies needed for effective leadership roles within an organization.

Series of Opportunities

Represents a sequence or set of chances and situations that can be utilized for advancement, growth, or success in various contexts.

Experiencing Failure

The process of going through a situation where desired or expected outcomes are not achieved, often leading to opportunities for learning and growth.