BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In essence, strategic management is a new perspective that highlights the significance, in both theory and practice, to a company of the need to pay more attention to environment and the formulation of strategies to relate to it (r. 40-42). La palabra destacada hace referencia a:
A
la compañía
B
la formulación de estrategias
C
el entorno
Explanation: 

Detailed explanation-1: -Strategic management provides overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans. Ultimately, strategic management is for organisations to gain a competitive edge over their competitors.

Detailed explanation-2: -Strategy is an action that managers take to attain one or more of the organization’s goals. Strategy can also be defined as “A general direction set for the company and its various components to achieve a desired state in the future. Strategy results from the detailed strategic planning process”.

Detailed explanation-3: -The essence of strategic management is matching business resources to market opportunities. Strategic management involves seeking and identifying opportunities and threats in the market and industry as well as the outside world in general.

Detailed explanation-4: -Strategic management is the ongoing planning, monitoring, analysis and assessment of all necessities an organization needs to meet its goals and objectives. Changes in business environments will require organizations to constantly assess their strategies for success.

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