Strategic management enables an organization to __________, instead of companies just responding to threats in their business environment.

Question

Quizplus · Accepted Answer

Strategic management involves proactive decision-making, planning, and implementation of strategies to achieve organizational goals and objectives. This enables an organization to anticipate and respond to changes and opportunities in the business environment, rather than simply reacting to threats. Therefore, option A - be proactive - is the best choice. Option B is incorrect because it is not always possible to determine the duration of a threat. Option C is incorrect because avoiding threats entirely is not always feasible in a dynamic business environment. Option D is incorrect because strategic management is not necessarily about defeating competitors, but rather achieving competitive advantage. Option E is incorrect because strategic management does not involve predicting the future, but rather creating an adaptive and flexible organization that can respond effectively to changes and emerging trends.

Strategic Management Enables an Organization to __________, Instead of Companies