Which of the following would be considered a reason for adopting strategic management and strategic planning?
A. To enhance employee loyalty.
B. To keep corporate taxes at a minimum.
C. To develop independent work from the staff.
D. To provide develop a sustainable competitive advantage.
E. To increase market dominance with repeat purchase.
D. To provide develop a sustainable competitive advantage.
There are three reasons why an organization should adopt strategic management and strategic planning: (1) to provide direction and momentum, (2) to encourage new ideas, and above all (3) to develop a sustainable competitive advantage.
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What will be an ideal response?
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