Management is obligated to monitor new external developments, evaluate the company's progress, and make corrective adjustments i

Question

2 years ago

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Management is obligated to monitor new external developments, evaluate the company's progress, and make corrective adjustments i

n order to A. determine whether the company has a balanced scorecard for judging its performance. B. stay on track in achieving the company's mission and strategic vision. C. keep the company's board of directors well-informed about the company's future outlook. D. determine whether the company's business model is well-matched to changing market and competitive circumstances. E. decide whether to continue or change the company's strategic vision, objectives, strategy and/or strategy execution methods.

Business

1 answer:

Stella [2.4K] · Answer 1 · 2023-06-09T01:28:36+03:00

The decision making on whether to continue or change the company's strategic vision, objectives, strategy or strategy execution methods is part of what the Management is obligated to monitor.

<h3>What is the Management?</h3>

This refers to the process of guiding the development, maintenance and proper allocation of resources to attain organizational goals.

The managers in a firm performs the role of Management to achieve goals.

Therefore, the Option E is correct.