Strategic Management (prelims)

The process of planning, monitoring, analysis and assessment of all necessities that an organization needs to meet its aims and objectives.

• Operational Planning
• Tactical Management
• Resource Allocation
• Strategic Management

How many phases does Strategic Management Process have?

• 4
• 5
• 3
• 6

Strategy forming is -

• fixing short term goals

• gathering data from within the organization and the market

• all data and information collected are used to form a unique strategy

• the stage where all employees involved in the process should have a clear idea of the plan

This involves analyzing, managing, tracking and evaluating every step in the strategic management plan.

• goal setting

• monitoring

• implement the strategy

• strategy forming

SWOT Analysis allows you to inspect your organization's _____.

• internal factors

• external factors

• both internal and external factors

• none is correctin the choices

The strength and weaknesses in your organization are included in the -

• Internal factors

• External factors

Opportunities and threats are present in the organization's _____

• internal factors

• external factors

Two types of strategies in the strategic management concept -

(a)  

What Greek word does "strategy" came from?

• strategia
• strategos
• stratagem
• taktika

What is the meaning of "strategos"?

• art of war

• Economic strategist
• Civilian administrator
• Political advisor