Question

Marius has been brought in as a consultant for a large organization. He is tasked with identifying the goals, policies, and action sequences the company should take to offset competitive challenges. Marius will be implementingMultiple ChoiceOption 1: operational management.Option 2: transactional management.Option 3: management by objectives.Option 4: process mapping.Option 5: strategic management.

Answer 1

Because Marius is tasked with identifying of goals, policies and action, then, he will be implementing a Strategic Management.

What is Strategic Management?

A Strategic management means a strategies implemented to achieve a better performance and competitive advantage for an organisation.

The process of a strategic management includes

• Defining the Mission Statement
• Analysing the Environment
• Organisational Self-Assessment
• Establishing Goals and Objectives
• Formulating Strategy

In conclusion, since he is tasked with identifying of goals, policies and action, then, he will be implementing a Strategic Management.

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