BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The purpose of this is to gather information and to analyze it systematically and thoroughly. None of us would be wise to make an important decision about anything in life without adequate and relevant information, and nor would tourism, hospitality, and events organizations.
A
Strategic Analysis
B
Strategic Implementation
C
Strategic Selection
Explanation: 

Detailed explanation-1: -The purpose of a strategic analysis is to analyze an organization’s external and internal environment, assess current strategies, and generate and evaluate the most successful strategic alternatives.

Detailed explanation-2: -Strategic analysis refers to an evaluation of an organization’s work environment. This work environment generally defines how the organization operates its business. It helps to determine the mood functioning of the organization and whether the goals and objectives set by the organization can be met.

Detailed explanation-3: -Strategic business analysis requires a focus on all aspects of the organization. It leverages business analysis, change leadership, and program and project management. Strategic business analysis focuses on ‘what and why’, not the ‘how’ of solution implementation.

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