Question

An organization should adopt planning and strategic management to Multiple Choice provide direction and momentum, encourage new ideas, and develop a sustainable competitive advantage. keep employees happy, encourage new ideas, and decrease costs. decrease costs and increase synergy. provide encourage new ideas and increase organization diversity. develop MBO, encourage new ideas, and increase profits.

Answer 1

Answer:

provide direction and momentum, encourage new ideas, and develop a sustainable competitive advantage.

Explanation:

Planning and strategic management is of utmost importance in terms of providing direction and momentum, encouraging new ideas, and developing a sustainable competitive advantage.

Without direction, a company is bound to go hay wire and lose focus from the end goal. New ideas are fuel to the engine of a company. Continuous innovation keeps it running. It needs to develop a competitive advantage from the competitors to survive in the brutal market.