The main reason strategic management is important is ________.
A) it allows an organization to anticipate economic recessions
B) it can make a difference in how well an organization performs
C) it reduces uncertainty
D) it simplifies the environment

Question

Quizplus · Accepted Answer

Strategic management involves setting goals, developing strategies to achieve those goals, implementing the strategies, and evaluating their effectiveness. By doing so, it can make a difference in how well an organization performs, leading to increased competitiveness, profitability, and success. While it cannot anticipate recessions or eliminate uncertainty, it can help organizations better prepare for such challenges. Strategic management also acknowledges the complexity and dynamism of the environment, rather than simplifying it.

The Main Reason Strategic Management Is Important Is ________