The management of Neptune Inc. creates a definite plan of action that will surely create profits for the company. It allocates and sectionalizes its machinery and personnel. The main office is moved to a prime location that helps attract customers and facilitates competitive development. This plan of action helps Neptune Inc. retain its competitive advantage and has also grow as a company. Which of the following terms does this scenario best illustrate?
A)Strategic tools
B)Strategic management process
C)Functional strategy
D)Business unit strategy

Question

Quizplus · Accepted Answer

The scenario illustrates the process of strategic management, which involves the creation and implementation of a plan of action to achieve organizational goals and maintain competitive advantage. The allocation and sectionalization of machinery and personnel, as well as the relocation of the main office to a prime location, are all part of the strategic management process. The other options (A, C, and D) refer to specific elements of strategic management but do not encompass the entire process.

The Management of Neptune Inc