BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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involves how fast to pursue a chosen strategy.
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consists of thinking through what it will take to make the chosen strategy work as planned.
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is the same thing as a company’s strategy.
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concerns management’s view of the company’s future business structure and long-term direction.
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Detailed explanation-1: -A strategic vision delineates management’s aspirations for the company’s future, providing a panoramic view of “where we are going” and a convincing rationale for why this makes good business sense.
Detailed explanation-2: -Solution(By Examveda Team) A process consisting of the determination of direction, strategic actions to achieve objectives, the implementation of desired strategy, and monitoring of that strategy statements best describes strategic management.
Detailed explanation-3: -Expert-Verified Answer. The statement (A) It is a continuous process is correct and true about the strategic-management process.
Detailed explanation-4: -A mission statement deals with what a company is trying to do, and a vision concerns what a company ought to do. b. A mission statement deals with where we are headed, whereas a strategic vision provides the critical answer to how will we get there.