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Management · Q153

Strategic Management

Graduate and Post Graduate · Management · question 153

Q153

As indicated in the strategic-management model, a clear _______ is needed before alternate strategies can be formulated and implemented.

A.
long-term objective
B.
short-term objective
C.
policy
D.
mission statement
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
As indicated in the strategic-management model, a clear mission statement is needed before alternate strategies can be formulated and implemented. The strategic management model provides managers and strategists a greater comprehension of the iterative approach in conducting real strategic management in the organizational setting. The strategic management model begins with the development of the organizational mission and vision.