The Process of Strategic Management Is Facilitated Immensely in Firms

question 54

True/False

The process of strategic management is facilitated immensely in firms that have an effective information system.

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Definitions:

Organizational Climate

The general atmosphere, culture, and morale felt by employees and the prevailing attitudes towards work and the company.

Synergistic Effect

The phenomenon where the combined effect of collaborating elements is greater than the sum of their individual effects.

Creativity

The ability to generate innovative ideas and solutions by thinking outside the conventional boundaries.

Innovation

The process of introducing new ideas, devices, or methods to improve goods, services, or processes.