Managers seek to maximize strengths and minimize weaknesses while effectively seizing opportunities and avoiding or neutralize threats.

Question

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This statement summarizes the strategic management process, which involves analyzing the internal and external environment of an organization to determine its strengths, weaknesses, opportunities, and threats (SWOT analysis) and using this information to make decisions and take actions that maximize strengths, minimize weaknesses, and capitalize on opportunities while mitigating threats.

Managers Seek to Maximize Strengths and Minimize Weaknesses While Effectively