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:

Test Responses

The answers or reactions provided by individuals when they are subjected to a test or assessment.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together, indicating the strength and direction of their relationship.

Relationship

A connection, association, or involvement between people, which can be emotional, social, or professional.

Discriminant Validity

The degree to which a test or measure differentiates between two distinct constructs or entities.