What strategic management activity do company managers undertake so they can later measure success or failure at every organizational level?
1, Publicizing promotions
2, Setting goals
3, Devising strategies
4, Planning tactics
5, Auditing skills
Ans: 2. Setting Goals.
Explanation: Setting goals is the activity whereby companies aim to achieve some objectives and devise strategies to achieve those goals. At the end of the period,goals act as indicator of success or failure and hence are important for the management at every level to determine if the performance is at the desired level and take measures if it isn't.
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Fill in the blank(s) with the appropriate word(s).
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