The Set of Decisions and Actions Used to Formulate and Execute

question 102

Multiple Choice

The set of decisions and actions used to formulate and execute strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals is known as

• A) strategy formulation.
• B) strategic planning.
• C) strategic management.
• D) strategy implementation.
• E) strategy evaluation.

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Definitions:

American Management Theories

A set of ideas and practices related to business management that originated in the United States, emphasizing principles of efficiency, leadership, and strategic planning.

Japanese

A language spoken primarily in Japan, characterized by its complex system of honorifics reflecting the hierarchical nature of Japanese society.

Situational Language

Language usage that is adapted or tailored to fit specific social situations or contexts.

Interpersonal Distance

The physical or emotional space between individuals, which can vary based on cultural norms, relationships, and social contexts.