Strategy is the concept of how an organization will achieve its objectives;therefore strategic management is:
A)knowledge to help in the development and implementation of strategies.
B)definitions to help in the development and implementation of good strategies.
C)processes to help the organization in the development of strategies.
D)the purpose of developing strategies in an organization.

Question

Quizplus · Accepted Answer

Strategic management involves the knowledge and understanding of how an organization can develop and implement effective strategies to achieve its objectives. Therefore, option A is the best choice as it accurately defines strategic management as knowledge that aids in strategy development and implementation. Options B, C, and D are not comprehensive enough to define strategic management.

Strategy Is the Concept of How an Organization Will Achieve