The Main Reason for the Transition from Corporate Planning to Strategic

question 25

Multiple Choice

The main reason for the transition from corporate planning to strategic management during the late 1970s and 1980s was:

• A)The increasing costs of corporate planning departments
• B)Disappointing outcomes of corporate diversification
• C)A more turbulent business environment that was increasingly difficult to predict
• D)Growing disillusionment with central planning.

---

Definitions:

U.S. Labor Law

The collection of federal and state laws governing employment relationships, workplace rights, and labor organization in the United States.

Unionization Rates

The percentage of workers in a particular sector, industry, or region that are members of a labor union.

Structural Decline

A long-term reduction in an industry or economy's activity, often due to changes in technology, consumer preferences, or external economic factors.

Legal Framework

The structured system of laws, regulations, and guidelines that govern behavior and ensure order within a society or in specific fields.