All of the tools of strategic management can be applied to problems arising from both new-venture creation and corporate renewal.

Question

Quizplus · Accepted Answer

The tools of strategic management can be used for both new-venture creation and corporate renewal because they aim to analyze the company's internal and external environment, identify strengths and weaknesses, opportunities and threats, and develop a plan to achieve long-term objectives. Whether a company is starting a new venture or trying to turn around its existing operations, it needs to use strategic management tools to make informed decisions and stay competitive. Therefore, the statement is true.

All of the Tools of Strategic Management Can Be Applied