Question

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

Answer 1

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.

What is the Management?

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.

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