Strategic Management in Education

Strategic management is the study of why some firms outperform others.

• Yes

• No

“Total organization” perspective, integrating across functional areas

• Yes

• No

Strategy from Latin στρατηγία stratēgia, "art of troop leader; office of general, command, generalship"

• Yes

• No

Strategy Management is defined as the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives

• Yes

• No

Strategic management consists of the analysis, decisions, and actions an organization undertakes in order to create and sustain competitive advantages

• Yes

• No

A corporation is an organization

• Yes

• No

The strategic management process is made up of three main steps:

1.strategy formulation.

2.strategy implementation.

3.strategy evaluation.

4.strategy Implication

• Yes

• No

Strategy refers to the actions taken by a manager to ensure that the organization is better off than its competitors or is able to fend off competitive actions from competitors.

• Yes

• No

Planning is a not process of preparing ways to use resources more economically and efficiently so that the purpose of the company is achieved.

• Yes

• No

Corporate planning can be defined as a ................ of obtaining objectives and their components followed by a process of finding and evaluating various available alternatives.

• Strategy

• Process

• Implication

• Output