Characteristics of Strategic Management Include: (Select All That Apply

question 18

Multiple Choice

Characteristics of strategic management include: (Select all that apply.)

• A) alignment with the external environment.
• B) helps identify best practices on the nursing unit.
• C) future orientation.
• D) engagement of the entire workforce in organizational leadership.
• E) use of change management strategies to achieve performance goals.
• F) facilitation of decision making with well-communicated decisions.

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Definitions:

Human Capital Investment

Spending on education, training, health, and other personal capacities that improve an individual's productivity and quality of life.

Short Run

A time period in which at least one factor of production is fixed, limiting the ability of firms to adjust to market changes.

Long Run

A period in which all factors of production and costs are variable, allowing full industry adjustment.