Strategic management, long used in business to ensure a competitive advantage over similar enterprises, involves: (Select all that apply.)

Question

Quizplus · Accepted Answer

Strategic management involves conducting an environmental scan, knowing the competition, establishing goals, setting targets, developing an action plan, implementing the plan, and evaluating success. This approach has long been used in business to ensure a competitive advantage over similar enterprises. The core purpose is the reason the organization is in business.

Strategic Management, Long Used in Business to Ensure a Competitive