Question

The strategic management process is
Select one:
a. the full set of commitments, decisions, and actions required for the firm to achieve above-average
returns and strategic competitiveness..
b. a decision-making activity concerned with a firm's internal resources, capabilities, and competencies,
independent of the conditions in its external environment.
c. a process directed by top- management with input from other stakeholders that seeks to achieve
above-average returns for investors through effective use of the organization's resources.
d. a set of activities that will assure a temporary advantage and average returns for the firm.

Answer 1

Answer:

b. a decision-making activity concerned with a firm's internal resources, capabilities, and competencies,

independent of the conditions in its external environment.