BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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External issues
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Administrational issues
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Internal issues
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Management issues
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Detailed explanation-1: -Strategic Management handles external issues. Strategic management is the ongoing planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives. Changes in the business environment require organizations to constantly assess their strategies for success.
Detailed explanation-2: -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.
Detailed explanation-3: -Strategic management involves setting objectives, studying competitors in the market, analyzing the strengths and weaknesses of the organization internally, evaluating strategies for achieving the objectives and ensuring that management rolls out the strategies across the organization.
Detailed explanation-4: -Answer & Solution Strategic Management handles external issues.
Detailed explanation-5: -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.