Strategic management includes the following:
A) Establishment of strategic direction
B) Analysis of the internal environment
C) Strategic restructuring
D) All of the above

Question

Quizplus · Accepted Answer

Strategic management encompasses all three options listed. Establishing a strategic direction involves determining the company's purpose, vision, and mission. Analyzing the internal environment involves understanding the company's strengths and weaknesses as well as its resources and capabilities. Strategic restructuring involves making changes to the company's organization or operations in order to align with the strategic direction and improve performance.

Strategic Management Includes the Following