________ is the primary reason for an organization to adopt planning and strategic management.

A. Developing MBO
B. Encouraging new ideas
C. Developing a sustainable competitive advantage
D. Providing direction and momentum
E. Increasing organization diversity


A. Developing MBO

An organization should adopt planning and strategic management for three reasons: They can (1) provide direction and momentum, (2) encourage new ideas, and above all (3) develop a sustainable competitive advantage.

Business

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What will be an ideal response?

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Indicate whether the statement is true or false

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Which of the following describes a situation in which firms acquire resources at a low cost, laying the foundation for a competitive advantage later?

A. social complexity B. path dependence affecting current decisions C. better expectations of future resource value D. causal ambiguity

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