Q. The strategic management process is (Solved)
1. a set of activities that will assure a temporary advantage and average returns for the firm.
2. a decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment.
3. a process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources.
4. the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.
- d. the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.