Research suggests that strategic management evolves through four sequential phases in corporations.The first phase is
A) externally oriented planning.
B) basic financial planning.
C) internally oriented planning.
D) forecast-based planning.
E) strategic management.

Question

Quizplus · Accepted Answer

The correct sequence of phases in the evolution of strategic management in corporations is basic financial planning, forecast-based planning, externally oriented planning, and strategic management. Therefore, the first phase is basic financial planning.

Research Suggests That Strategic Management Evolves Through Four Sequential Phases