BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following factors should be considered by a company when developing its management strategy?
|
|
the type and characteristics of the business
|
|
|
the type of work and the workers in the company
|
|
|
the business environment
|
|
|
all of these factors should be considered
|
Explanation:
Detailed explanation-1: -The strategist’s challenge is to simultaneously manage three critical factors: values, opportunities and capabilities. In order to devise and execute a successful strategy, you need to analyze each of these factors to understand how your organization can create and sustain value.
Detailed explanation-2: -Commitment to the strategy. Aligning strategy with organizational structure. Aligning strategy with organization’s culture.
Detailed explanation-3: -The four phases of strategic management are formulation, implementation, evaluation and modification.
There is 1 question to complete.