BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -The CEO and executive team play a big role in setting the foundation of a strategic plan by creating guiding organizational principles, articulating the strategic areas of focus, and creating the long-term goals that guide the organization to create aligned goals and actions to achieve its vision of success.
Detailed explanation-2: -Answer and Explanation: The correct answer is c) Well defined missions make strategy development much easier. Option c) is the correct answer because the more precise the mission is for a business, the more precise is the plan related to how the business should move forward.
Detailed explanation-3: -A: The general roles of strategic management are:-1. Strategic Visionary 2. Strategic Leader and Decision Maker 3. Creating Superior Performance and Competitive Advantage 4.