Which of the following is a reason why it is important for students to study strategy and the strategic management process? answers: studying strategy and the strategic management process can give students tools to evaluate the strategies of firms that may employ them. it can be very important to a new hire's career success to understand the strategies of the firm that hired them and their place in implementing these strategies. while strategic choices are generally limited to very experienced senior managers in large organizations, in smaller and entrepreneurial firms many employees end up being involved in the strategic management process. all of these.
the answer is c.
Strategic planning is important to an organization because it provides a sense of direction and outlines measurable goals. Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward.
The correct answer is c) Strategic leadership
Strategic leadership is the ability to anticipate, envision, maintain flexibility, think strategically, and work with others in the organization to initiate changes that will create a viable and valuable future for the organization.
Strategic leadership can also be explained as the capability for employing strategies in the management of employees.
The correct order is the following:
1.- Assess the current reality.
2.- Establish the mission and vision
3.- Formulate the grand strategy & strategic, tactical & operational plans
4.- Open choices for matching.
5.- Maintain strategic control.
Great leaders know that managers have to assess the current reality of the company, the competitors, and the economic situation of the company, as well as microeconomic and macroeconomic factors. Then, the strategic planning has to begin with the definitions of the mission and vision, as well as the values that will represent the moral "pillars" of the company. Then, it comes the formulating of goals, the strategies to reach the goals, followed by the tactics that will show the details on how to accomplish those goals.