Which of the following terms refers to the process of formulating and implementing strategies to accomplish long-term goals and maintain a competitive advantage?
A) Strategic controlling
B) Strategic management
C) Globalization
D) Sustainability

Question

Quizplus · Accepted Answer

Strategic management refers to the process of formulating and implementing strategies to achieve long-term goals and maintain a competitive advantage. Strategic controlling refers to the monitoring and adjustment of strategies to ensure they remain effective. Globalization refers to the increasing interconnectedness of the world's economies and cultures, and sustainability refers to meeting the needs of the present without compromising the ability of future generations to meet their own needs, but neither of these terms directly relate to the process of formulating and implementing strategies.

Which of the Following Terms Refers to the Process of Formulating