contestada

Strategic management process is the coordinated means by which an organization chooses its mission and vision. Select one:
a. True
b. False

Respuesta :

Answer:

The correct answer is False.

Explanation:

Strategic Management is a process of systematic evaluation of your business, through which long-term objectives are defined, goals and objectives are identified and, very important: strategies are developed to achieve the objectives and resources are located to implement them.

Strategic Management is used to determine, based on the point where your business is, where you want to go and, most importantly: what decisions you must make on the way to get it.

Four are the essential phases that make up the Strategic Management process:

  1. Environmental analysis: what are the strengths and weaknesses of your business in their contexts and environment.
  2. Formulation of the strategy: for this, we must take into account the reasons that move us, define the desired objectives and results, the deadlines to achieve them, the company policies and set of strategies to be implemented and the resources that will be necessary to achieve it .
  3. Strategy implementation: based on planning of each step, designing specific procedures and allocating sufficient budget for each of them.
  4. Evaluation and control: to ensure that we do not deviate from the objectives and that the strategy is being implemented correctly, as we have defined in the planning and procedures.