In Order,the Steps of the Strategic-Management Process Are _____

question 24

Multiple Choice

In order,the steps of the strategic-management process are _____.

• A)establish the mission and vision;assess the current reality;conduct a trend analysis;maintain the feedback loop
• B)establish the mission;maintain strategic control;formulate the grand strategy;implement the strategy
• C)establish the mission and vision;assess the current reality;formulate the grand strategy;implement the strategy;maintain strategic control
• D)establish the vision;develop a mission statement;formulate the grand strategy;implement the strategy;maintain the feedback loop
• E)determine the strategy;carry out the strategic plans

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Definitions:

Just-in-Time

A production strategy that strives to improve a business's return on investment by reducing in-process inventory and associated carrying costs.

Service Sector

The segment of the economy that produces intangible goods, such as services rather than physical products, including industries like healthcare, education, and finance.

Labour-intensive

Describing industries or processes that require a large amount of manual labor input compared to capital investment.

Automate

The use of technology to perform tasks with minimal human intervention, often to increase efficiency and reliability.