Strategy is the concept of how an organization will achieve its objectives; therefore strategic management is:
A) knowledge that helps in the development and implementation of strategies.
B) the social source of influence that is used to inspire action taken by others.
C) the process that helps the organization in the development of strategies.
D) the purpose of developing strategies in an organization.

Question

Quizplus · Accepted Answer

Strategic management is the process of developing and implementing strategies that will help an organization achieve its objectives. Therefore, strategic management involves the knowledge and skills needed to develop and implement those strategies.

Strategy Is the Concept of How an Organization Will Achieve