Which of the following terms is a strategic management process?
A) Deciding on make-or-buy questions.
B) Screening and selection of project partners.
C) Evaluating supplier proposals and ways of working.
D) What contractual agreements to use in technological collaboration.

Question

Which of the following terms is a strategic management process? 
A) Deciding on make-or-buy questions. 
B) Screening and selection of project partners. 
C) Evaluating supplier proposals and ways of working. 
D) What contractual agreements to use in technological collaboration.

Quizplus · Accepted Answer

Deciding on make-or-buy questions is a strategic management process that involves determining whether to produce a product or service in-house or outsource it to a third-party supplier. This decision has implications for the organization's resources, capabilities, and competitive position, and requires careful analysis and evaluation of various factors such as cost, quality, flexibility, and control. Screening and selection of project partners, evaluating supplier proposals and ways of working, and deciding on contractual agreements are also important aspects of strategic management, but they are more focused on the operational and tactical aspects of managing external relationships and collaborations.

Which of the Following Terms Is a Strategic Management Process