The Set of Decisions and Actions Used to Formulate and Implement

question 116

Multiple Choice

The set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organisation and its environment so as to achieve organisational goals is known as:

• A) strategy formulation
• B) strategic planning
• C) strategic management
• D) strategy implementation
• E) strategy evaluation.

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Definitions:

Hand Gestures

Physical movements of the hands used to convey messages or meanings without the use of spoken words, varying significantly across cultures.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a desire to do a task well.

Perception Process

The cognitive process that enables us to interpret and understand our surroundings through the data acquired by our sensory organs.

Pollyanna Principle

The tendency for people to remember pleasant items more accurately than unpleasant ones, influencing a generally optimistic worldview.