Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation. Which one of the following is NOT one of the basic elements of the strategic management process?
A) strategy formulation
B) strategy implementation
C) statistical process control
D) evaluation and control
E) environmental scanning

Question

Quizplus · Accepted Answer

Statistical process control is not one of the basic elements of the strategic management process. The other four elements (strategy formulation, strategy implementation, evaluation and control, and environmental scanning) are all essential components of the process.

Strategic Management Is That Set of Managerial Decisions and Actions