Strategic management, long used in business to ensure a competitive advantage over similar enterprises, involves (select all that apply):

Question

Quizplus · Accepted Answer

Strategic management involves setting targets and establishing goals to provide direction, evaluating success to measure progress, developing an action plan to achieve objectives, and conducting an environmental scan to understand external factors. Defining the core purpose is more related to mission statements rather than strategic management processes.

Strategic Management, Long Used in Business to Ensure a Competitive