Strategic management involves the _____, directing, _____ and controlling of a company's strategy-related decisions and actions. A. Financing; marketing b. Planning; financing c. Marketing; planning d. Planning; organizing
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marketing and sale is the correct answer
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Strategic management involves the d. Planning, directing, organizing, and controlling a company's strategy-related decisions and actions.
Strategic management:
- Strategic management gives overall direction by formulating programs and strategies to attain goals and then assigning resources to put the plans into action.
- Finally, strategy implementation is used by businesses to acquire a competitive advantage over their competitors.
Four functions of management:
Originally listed as five aspects by Henri Fayol, there are currently four universally acknowledged management roles that incorporate these fundamental skills:
- Planning
- Organizing
- Leading
- Controlling.
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