In Strategic Management,both the Short-Term and Long-Term Perspectives Need to Be

question 12

Multiple Choice

In strategic management,both the short-term and long-term perspectives need to be considered because

• A) shareholder value is only measured by short-term returns.
• B) shareholders only care about long-term returns.
• C) long-term vision precludes the analysis of present operating needs.
• D) the creative tension between the two forces managers to develop more successful strategy.

---

Definitions:

Relationship Conflict

Emotional tension and personal discord arising from interpersonal disagreements or personality clashes within a team or organization.

Ego Clashes

Situations where interpersonal conflicts arise due to differences in opinions, perspectives, or personalities, often impeding group collaboration.

Managerial Grid

A framework used to evaluate and improve management styles, focusing on a manager's concern for people versus their concern for production.

Conflict Approach

A perspective that views conflict as an inherent and potentially positive aspect of group interaction, which can stimulate creativity and innovation if managed properly.