What Are Strategic Business Processes

question 254

Multiple Choice

What are strategic business processes?

• A)dynamic, nonroutine, long-term business processes such as financial planning, expansion strategies, and stakeholder interactions
• B)semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements
• C)static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes
• D)None of these are correct.

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Definitions:

Global and Cultural Effectiveness

The capability of an organization to operate and adapt to the cultural contexts of different societies and the globalized market.

Diverse Group

A collective of individuals representing a wide range of different backgrounds, perspectives, and experiences.

Cooperation

The process of groups or individuals working together towards a common goal, emphasizing teamwork and collaborative efforts.

Competency in Communication

The ability to effectively convey and receive messages in oral, written, and non-verbal formats.