STRAMA Practice Quiz (1&Long-Quiz) - Fill in the blanks

(a)   is used to see whether the company's objectives and policies are appropriate whether the current practices reflect the same goals.

Integrating analysis and intuition should not be used as replacement for rational analysis, but rather as a supplement to enrich the decision-making (a)   .

Fit Strategy by aligning company are principle of strategy by (a)   .

The First process in Strategic Management is (a)   the internal and external environment.

Strategic Management is important to chart an _____ course and ensure its ability to prosper and maintain _____ in an ever-shifting _____.

(a)  

The fourth process in Strategic Management is implementing the chosen strategies through effective (a)   .

Intuition can be a valuable tool for _____, providing quick and intuitive judgements, creative solutions, and systematic perspective. It should not be used as a replacement for _____, but rather as a supplement to enrich the _____.

(a)  

______ is the process used to ensure a strategic plan is executed. It involves translating the high-level goals and objectives outlined in the _____ into specific actions and initiatives that can be carried out by employees at ____ of the organization.

(a)  

STRAMA Process is Setting clear objectives (a)   with the mission and vision.

_____ is Clear Direction that gives organizations a clear direction by defining their vision, mission, and goals. It helps align all _____ towards a common purpose and provides a _____ for decision-making and ______.

(a)