Strategic management process is the coordinated means by which an organization chooses its mission and vision.Question 4Select one:TrueFalse

The process of strategic management is a/an one that changes as the organisational goals and objectives evolvea.Continuousb.Interestingc.Systematicd.Stable

One important activity of strategic managers is strategic planning. Describe fourcharacteristics of this activity.

Strategic management is best defined as the management of the short-term activities of a business. the management of the day-to-day activities of a business. the management of the long-term activities of a business. all of the above.

Strategic Planning is systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.Question 2Answera.true\'b.FALSE\'c.sured.unsure

The stage of strategic management that involves the planning and decision making that lead to the establishment of the organisation’s goals and of a specific strategic plan is termed:Question 3Answera.strategy initiationb.strategy implementationc.strategy executiond.strategy formulatione.none of these choices