The Strategic Management Process Is Shaped by

question 31

Multiple Choice

The strategic management process is shaped by

• A)management's strategic vision,strategic and financial objectives,and strategy.
• B)the decisions made by the compensation and audit committees of the board of directors.
• C)external factors such as the industry's economic and competitive conditions and internal factors such as the company's collection of resources and capabilities.
• D)a company's customer value proposition and profit formula.
• E)actions to strengthen competitive capabilities and correct weaknesses,actions to strengthen market standing and competitiveness by acquiring or merging with other companies,and actions to enter new geographic or product markets.

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Definitions:

Phenomenological Flow

A state of intense focus and immersion in activities, often leading to a loss of self-awareness and a sense of time.

Thoughts

Mental processes involving reasoning, reflection, and contemplation, often part of conscious mental activities.

Canadian Psychological Association

The primary national organization for the science, practice, and education of psychology in Canada.

Psychology

The scientific study of the mind and behavior, including understanding mental functions, brain activities, and social interactions.