The answer is, full set of commitments, decisions, and actions firms take to achieve strategic competitiveness and earn above-average returns.
<h3>What is the strategic management process?</h3>
- Setting policies, procedures, and goals in order to increase a company's or organization's competitiveness is the process of strategic management.
- Strategic management typically focuses on efficiently allocating personnel and assets to accomplish these objectives.
<h3>What are the two major process of strategic management?</h3>
- The formulation and implementation of strategy are frequently cited as the two main stages involved in strategic management.
<h3>Why is strategic management process important?</h3>
- For a corporation to succeed in the long run, effective strategic management is crucial.
- It entails formulating a business strategy with specific goals in mind, making plans for how those goals will be realized, coordinating daily operations with those goals, and allocating the resources required to reach those goals.
Learn more about strategic management process here:
brainly.com/question/24845876
#SPJ4
you take your core classes such as math, history, speech and so on.
hope it helps!
Answer:
b) Cut hours and workers in order to minimize costs
Explanation:
Rational decision making is the process by which a business manager analyses different factors and outcomes before choosing a particular line of action.
The manager will have to choose between alternative options that are available.
In the given instances only the option to cut hours and workers in a bid to reduce cost shows the manager made a decision to achieve a goal (cost reduction).
The other options do not define a clear business goal and a strategy to achieve it
Answer: Maturity
Explanation:
The treasury yield curve plots the yields on treasury notes and bonds relative to the *maturity " of the securities.
The US treasury yield curve compares the yield of short term treasury bills with that of long term treasury bill notes and bonds. In the US the treasury department issues treasury bills for terms less than one year, for terms of two, three, five and ten years. It also issue bond for 20 to 30 years.
Answer:
<em>New Buy</em>
Explanation:
A new buy <em>is a situation that requires an item to be purchased for the very first time. </em>
It is crucial for the business seller to provide a compelling argument in this type of purchasing situation to use their product line and a lot of information to help the business owner make an informed choice.
A new buy scenario can take much longer to happen as participants in the research evaluation and purchase center will have to make the final decision.
