GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the type and characteristics of the business
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the type of work and the workers in the company
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the business environment
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all of these factors should be considered
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Detailed explanation-1: -The strategist’s challenge is to simultaneously manage three critical factors: values, opportunities and capabilities. In order to devise and execute a successful strategy, you need to analyze each of these factors to understand how your organization can create and sustain value.
Detailed explanation-2: -The most essential element of strategic management revolves around the concept of identifying and understanding specific organization goals.
Detailed explanation-3: -The four phases of strategic management are formulation, implementation, evaluation and modification.
Detailed explanation-4: -Consider your organization’s mission and vision statements. Identify your company’s core values. Conduct a SWOT analysis. Outline tactics to achieve goals. Create a plan for allocating resources to achieve the desired outcome. Evaluate results for effectiveness. 01-Jul-2020