The Four Key Attributes of Strategic Management Include All of the Following

question 102

Multiple Choice

The four key attributes of strategic management include all of the following except

• A) including multiple stakeholder interests in decision making.
• B) incorporating both short-term and long-term perspectives.
• C) recognizing the trade-offs between effectiveness and efficiency.
• D) emphasis on the attainment of short-term objectives.

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Definitions:

Operative Goal

A specific, detailed target that an organization aims to achieve, often related to its day-to-day operations.

Social Invention

Innovations that relate to how people organize and interact within societies, including new social practices, structures, and technologies.

Social Convention

Agreed-upon norms and practices within a society or group that guide behavior, communication, and expectations.

Common Goals

Shared objectives or targets that a group or team collaborates to achieve, often motivating cooperation and collective effort.