Which of the following is NOT true for strategic management?
-
It should be done once every few years just before developing
the operating plan. -
It supports consistency of action at every level of the
organization. -
It develops an integrated and coordinated long-term plan of
action. - It positions the firm to meet the needs of its customers.
-
It involves responding to changes in the external market and
allocating scarce resources to improve a competitive position.
Answer
The correct option is It should be done once every few years
just before developing the operating plan as strategic management
should be before any plan.
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