Q
To address the challenges and opportunities they face organisations engage in a process of strategic management. Strategic management is:
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A
A. Short-term focused and composed of organisational strategy, including strategy formulation and implementation
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B
B. Short-term focused and composed of the organisationβs mission, vision and value statements
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C
C. Long-term focused and composed of organisational strategy, including strategy formulation and implementation
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D
D. Long-term focused and composed of the organisationβs mission, vision and value statements
Correct Answer:
C. C. Long-term focused and composed of organisational strategy, including strategy formulation and implementation