Strategic management can be defined as the development of a sustainable:
A) Chain of command.
B) Competitive position.
C) Cash flow.
D) Business entity.
E) Company image.

Question

Quizplus · Accepted Answer

Strategic management involves developing and implementing strategies that help a company achieve its goals and maintain a competitive advantage in the market. Therefore, the development of a sustainable competitive position is a key aspect of strategic management. A, C, D, and E are important elements of running a business but do not encompass the full scope of strategic management.

Strategic Management Can Be Defined as the Development of a Sustainable