Which of the following is NOT true for strategic management?
A) It should be done once every few years just before developing the operating plan.
B) It supports consistency of action at every level of the organization.
C) It develops an integrated and coordinated long-term plan of action.
D) It positions the firm to meet the needs of its customers.
E) It involves responding to changes in the external market and allocating scarce resources to improve a competitive position.

Question

Quizplus · Accepted Answer

Strategic management is an ongoing process, not something that should be done sporadically or only every few years. It involves continuous assessment and adjustment to strategies based on changing market conditions and organizational goals, rather than being a periodic activity tied to the development of operating plans.

Which of the Following Is NOT True for Strategic Management