Which of the following is true of strategic management?
A) It is the application of the basic planning process at the lowest levels of the organization.
B) Through the strategic management process, lower-levels of management determine the long-run direction and performance of the organization.
C) Middle- and lower-level managers should be excluded from strategic management.
D) It is possible to prepare a formal plan with a well-defined strategy and not practice strategic management.
E) It ensures that the strategic plans that are developed are independent of the changes that occur internally and in the environment.

Question

Quizplus · Accepted Answer

Strategic management goes beyond just creating a formal plan with a well-defined strategy. It involves the ongoing process of planning, executing, and monitoring actions and resources to achieve organizational goals in the long run. Lower-level managers may be included in the strategic management process, as different levels of management contribute to the development of organizational strategies. Strategic plans also need to be flexible and adaptable to changes in the internal and external environment to be effective.

Which of the Following Is True of Strategic Management