Briefly Describe the Four Basic Elements of Strategic Management

question 24

Essay

Briefly describe the four basic elements of strategic management.

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Definitions:

Virtual Teams

Groups of individuals who work across time, space, and organizational boundaries, collaborating mainly through electronic communications.

Organizational Boundaries

The defined edges that separate one organization from another and outline its scope, responsibilities, and operations.

Any Time

The concept of availability or accessibility without constraints or limitations on specific durations or periods.

Self-managed Team

A group of workers who are given the autonomy to plan, execute, and manage their own tasks and goals within an organization.