Strategic Management Is That Set of Managerial Decisions and Actions

question 46

Multiple Choice

Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation.Which one of the following is not one of the basic elements of the strategic management process?

• A) strategy formulation
• B) strategy implementation
• C) statistical process control
• D) evaluation and control
• E) environmental scanning

---

Definitions:

Neuropsychology

Area of psychology in which psychologists specialize in the research or clinical implications of brain–behavior relationships.

Self-Actualization

A concept in psychology referring to the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Free Will

The concept that human beings have the ability to make choices that are not predetermined by external circumstances or internal conditions.

Involuntary Reaction

A response to a stimulus that occurs automatically without conscious intent or control.