Question

Larry Marder explains that the company may change what its focus is from year to year. For example, he mentions that if Todd McFarlane wants them to invest heavily in R&D in a particular year, that is what they do or if he wants them to make more money in a given year, then that is what they do. Which step of the strategic management process is this describing?
A. Maintaining Strategic Control
B. Establishing the mission and vision
C. Establishing the grand strategy
D. Carrying the Strategic plan
E. Formulating the Strategic plan

Answer 1

The given excerpt describes maintaining strategic control  step of the strategic management process.

Option A

Explanation:

A Specialized form of management power and differing from other forms of government control (particularly from operational control) regarding the requirement to deal with instability and uncertainty at different points in the controlling process is a method that organizations are used to regulate the creation and exercise of strategic plans.

The goal of strategic control is not to address the issue: "Have we done the right strategic decisions some time ago? Yet "How good do we do now and how good do we do, to which accurate information is provided, in the immediate future?" "The aim is not to illustrate past mistakes but to recognize the appropriate changes to lead the organization in the right direction.

So, in terms of the actually desired objectives and not against expectations or strategies set at some point in history, that decision must be made.