Q98
Why is strategic management important?
A.
It has little impact on organizational performance
B.
It is involved in many of the decisions that managers make
AnswerC.
Most organizations do not change
D.
Organizations are composed of similar divisions and functions
Answer: Option B
Solution
Answer: Option B
Solution:
Strategic management important because It is involved in many of the decisions that managers make. It acts as a foundation for all key decisions of the firm. It attempts to prepare the organization for future challenges and play the role of pioneer in exploring opportunities and also helps in identifying ways to reach those opportunities.