Followed by Commitment, Understanding Is the Most Important Benefit of Strategic

question 80

True/False

Followed by commitment, understanding is the most important benefit of strategic management.

---

Definitions:

Simulation Results

The output or outcomes generated from running a computer-based model that represents a real-world system.

Process Simulation

The use of computer software to model the operation of an entire process or system to study its behavior and performance under different conditions.

Probability Distributions

A mathematical function that describes the likelihood of obtaining the possible values that a random variable can take.

Jockeying

The strategic maneuvering or positioning, often within a competitive environment, to gain advantage or to optimize one’s situation.