Which Statement About the Strategic Management Process Is Most Accurate

question 56

Multiple Choice

Which statement about the strategic management process is most accurate?

• A) Strategic management explains why firms translate their vision into actions.
• B) Strategic management should be focused on both strategy formulation and implementation.
• C) Strategic management is determined by forces in the firm's external environment.
• D) Strategic management is a formula used to develop strategies.

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Definitions:

Highly Creative Organizations

Organizations that foster an environment where innovation, experimentation, and creativity are actively encouraged and supported among employees.

Networked Culture

A culture where social networks and digital platforms significantly influence the norms, values, and practices of individuals and organizations.

Communal Culture

A type of organizational culture that emphasizes mutual support, shared values, and collective identity among members.

Positive Organizational

An approach focusing on the positive aspects of organizational life, such as strengths, virtues, and resilience, to improve well-being and performance.