BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Which statement is most likely true about strategic management and performance levels? There is a positive relationship between strategic management and performance.

Detailed explanation-2: -Strategic management sets a direction for the organization and its employees. Unlike once-and-done strategic plans, effective strategic management continuously plans, monitors and tests an organization’s activities, resulting in greater operational efficiency, market share and profitability.

Detailed explanation-3: -Ultimately, successful strategy management involves achieving an organization’s predetermined vision and goals as stated in their strategic plan. The process of how they go about achieving these desired outcomes is what we call performance management.

Detailed explanation-4: -Strategic planning is particularly potent in enhancing organizational effectiveness (i.e., whether organizations successfully achieve their goals), but it should not necessarily be undertaken in the hope of achieving efficiency gains.