The sequential set of analyses and choices that can increase the likelihood that a firm will choose a strategy that generates competitive advantages is the
A) organizational change process.
B) strategic management process.
C) mission statement process.
D) goal setting process.

Question

Quizplus · Accepted Answer

The strategic management process is a series of analyses and decisions that enable a firm to develop a competitive advantage. It involves assessing the firm's internal and external environment, setting goals, formulating and implementing strategies, and evaluating performance. The other options, such as organizational change process, mission statement process, and goal setting process, are all important components of strategic management but do not capture the entire process.

The Sequential Set of Analyses and Choices That Can Increase