Top-Down Strategic Planning as an Approach to the Strategic Management

question 48

Multiple Choice

Top-down strategic planning as an approach to the strategic management process will be most effective when the

• A) environment is constantly changing.
• B) size of the firm is large.
• C) probability of black swan events is high.
• D) top management wants to decentralize decision making.

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Definitions:

Average

The most representative score in a set of scores.

Common Average

The arithmetic mean or simple average of a set of values, calculated by summing them up and dividing by the number of values.

Variance

A statistical measure that represents the dispersion or spread of a dataset relative to its mean, indicating how far the data points are from the mean.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution, aiming to provide an accurate description of the entire data set.