The four key attributes of strategic management include all of the following, except
A) Strategic management should include multiple stakeholder interests in decision making.
B) Strategic management should incorporate both short-term and long-term perspectives.
C) Strategic management should recognize the trade-off between effectiveness and efficiency.
D) Strategic management should emphasize the attainment of short-term objectives.

Question

Quizplus · Accepted Answer

Strategic management is characterized by its focus on both short-term and long-term objectives, but it emphasizes the importance of balancing these with a broader, long-term perspective. The inclusion of D as an exception highlights that strategic management is not solely about achieving short-term goals but rather about integrating these goals within a long-term strategic framework that also considers multiple stakeholder interests and the balance between effectiveness and efficiency.

The Four Key Attributes of Strategic Management Include All of the Following