Strategic management consists of the decisions and actions that determine the long-run performance of the organization.

Question

Quizplus · Accepted Answer

Strategic management involves identifying and implementing strategies to achieve the organization's objectives and goals in the long term. It involves decisions and actions that have a significant impact on the organization's future performance, including resource allocation, goal setting, and performance evaluation. Therefore, it is true that strategic management determines the long-run performance of the organization.

Strategic Management Consists of the Decisions and Actions That Determine