BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strategy formulation
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Strategy evaluation
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Strategy implementation
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Strategic management
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Strategic leading
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Detailed explanation-1: -According to David and David (2015: 39) Strategic management can be defined as the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives.
Detailed explanation-2: -S¨trategic Management is a process of formulating, implementing and evaluating cross functional decisions that enable an organisation to achieve its objectives, ’´ has been told by .
Detailed explanation-3: -Answer and Explanation: The correct answer is D) Strategic management.
Detailed explanation-4: -ArtScience involves understanding the human experi-ence of nature through the synthesis of artistic and scientific modes of exploration and expression. ArtScience melds subjective, sensory, emotional and personal understanding with objective, analytical, rational, public understanding.
Detailed explanation-5: -Sometimes the term strategic management is used to refer to strategy formulation, implementation and evaluation, with strategic planning referring only to strategy formulation.