The Process by Which a Firm's Managers Evaluate the Future

question 76

Multiple Choice

The process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called ________.

• A)strategic planning
• B)strategic delegation
• C)organizational design
• D)product planning

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Definitions:

Problem Solver

An individual or entity skilled in identifying, analyzing, and finding solutions to challenging or complex situations.

Credibility

The quality of being trusted and believed in, crucial for individuals, organizations, and information sources.

Training and Development Department

The Training and Development Department focuses on enhancing employee skills, knowledge, and effectiveness through targeted training programs and strategies.

Project Management Office

A centralized unit within an organization that oversees the management of projects, ensuring they align with corporate strategy and standards.