Strategic management

Strategic planning is used sometimes instead of strategic management

• True

• False

Organizations can succeed without strategic management, but they cannot excel!

• True

• False

Strategic management is the job of the top management only.

• True

• False

The strategy of the organization should remain as a secret weapon.

• True

• False

Strategic planning is different from long term planning

• True

• False

Goals and objectives are the same thing

• True

• False

Every strategy should include the vision and the mission of the organization

• True

• False

Vision and mission are written for our customers, so they can know who we are.

• True

• False

Strategic plans has one aim: to achieve a sustainable competitive advantage.

• True

• False

strategic plans, long term-plans, annual plans, and short term plans should be related to each other.

• True

• False