BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is interdisciplinary.
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It has an external focus
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It has an internal focus
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It concerns the present direction of the organization.
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Detailed explanation-1: -The correct answer is D) It concerns the present direction of the organization. This is not a focus of this type of management, which is more future-and over-the-lifetime-of-the-business-oriented.
Detailed explanation-2: -Answer: Characteristic of strategic management that does not makes it different from other types of management is that it concerns the present direction of the organization.
Detailed explanation-3: -Characteristics of Strategic Management Offers competitive advantage. Future-oriented. Long-term implications. It affects operational challenges positively.
Detailed explanation-4: -The Characteristics of Strategic Management are as follows: Top management involvement. Requirement of large amounts of resources. Affect the firms long-term prosperity.