The Final Step in the Strategic Management Process Allows an Organization

question 108

Multiple Choice

The final step in the strategic management process allows an organization to understand the ________.

• A) effectiveness of the strategies used
• B) implementation of the strategies
• C) external environment
• D) resources and capabilities it possesses

Understand the concept and phases of business cycles, including their predictable and variable elements.

Recognize the role of innovation in business, including the stages of the innovation process.

Comprehend the impact of the global economy on standards, wages, and protectionism.

Identify different approaches to managing innovation and change within organizations.

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Definitions:

Gasoline

A petroleum-derived liquid mixture, primarily used as fuel in internal combustion engines.

Centimeters

A unit of length in the metric system equal to one hundredth of a meter.

Inches

A unit of length in the Imperial and US customary systems, equal to 1/12 of a foot.

Meters

A metric unit of length equal to 100 centimeters.