BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strategic control system
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Organizational capabilities
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Implementation Agenda
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Implementation plan
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Detailed explanation-1: -The organization has executive support systems (ESS) at the strategic level; management information systems (MIS) and decision-support systems (DSS) at the management level; and transaction processing systems (TPS) at the operational level.
Detailed explanation-2: -The four phases of strategic management are formulation, implementation, evaluation and modification.
Detailed explanation-3: -Organizational control typically involves four steps: (1) establish standards, (2) measure performance, (3) compare performance to standards, and then (4) take corrective action as needed.
Detailed explanation-4: -Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives.